2019 Maryland Code
General Provisions
Title 5 - Maryland Public Ethics Law
Subtitle 6 - Financial Disclosure.
§ 5-608. Interests attributable to individual filing statement

Universal Citation:
MD Gen Provisions Code § 5-608 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    The following are deemed to be interests of the individual under § 5–607(b), (c), and (d) of this subtitle:

        (1)    an interest held by a spouse or child of the individual, if the interest was controlled, directly or indirectly, by the individual at any time during the applicable period;

        (2)    an interest held by a business entity in which the individual held a 30% or greater interest at any time during the applicable period; and

        (3)    an interest held by a trust or an estate in which, at any time during the applicable period, the individual:

            (i)    held a reversionary interest;

            (ii)    was a beneficiary; or

            (iii)    if a revocable trust, was a settlor.

    (b)    Subsection (a)(2) of this section does not affect:

        (1)    the requirement under § 5–607(b) of this subtitle of disclosure of real estate interests held in the name of a partnership, limited liability partnership, or limited liability company in which the individual holds an interest; or

        (2)    the requirement under § 5–607(c) of this subtitle of disclosure of all partnerships, limited liability partnerships, or limited liability companies in which the individual holds an interest.

    (c)    For the purposes of § 5–607 of this subtitle, interests held by a blind trust may not be considered to be interests of the person making the statement if the blind trust is approved by the Ethics Commission in accordance with regulations adopted under § 5–501(b) or § 5–502(c) of this title and is operated in compliance with those regulations.

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