Md. Code Regs. 19A.06.02.01

Current through Register Vol. 51, No. 26, December 27, 2024

Section 19A.06.02.01 - Substantive Requirements for Certification

A. A trust that complies with the appropriate procedural requirements of COMAR 19A.06.03, and that meets the substantive requirements set forth in Regulations .02-----.04 of this chapter, may be certified by the Commission as a blind trust for purposes of COMAR 19A.06.01.03R.

B. A blind trust arrangement by an official or employee will be considered for certification only if in connection with the submission the official or employee certifies that:

(1) All of the official's or employee's holdings at the time the trust is established will be subject to the trust unless otherwise specifically approved by the Commission; and

(2) No new holdings will be purchased directly by the official or employee except as expressly approved by the Commission.

Md. Code Regs. 19A.06.02.01

Regulation .01 amended effective April 7, 1997 (24:7 Md. R. 554)