Section 1015-A - Corporate contributionsContributions made by a for-profit or a nonprofit corporation including a parent, subsidiary, branch, division, department or local unit of a corporation, and contributions made by a political committee or political action committee whose contribution or expenditure activities are financed, maintained or controlled by a corporation are considered to be made by that corporation, political committee or political action committee. [2023, c. 244, §9(REEN).]
1.Single entities. Two or more entities are treated as a single entity if the entities: A. Share the majority of members of their boards of directors; [2023, c. 244, §9(REEN).]B. Share 2 or more officers; [2023, c. 244, §9(REEN).]C. Are owned or controlled by the same majority shareholder or shareholders; [2023, c. 244, §9(REEN).]C-1. Are limited liability companies that are owned or controlled by the same majority member or members; or [2023, c. 244, §9(REEN).]D. Are in a parent-subsidiary relationship. [2023, c. 244, §9(REEN).] [2023, c. 244, §9(REEN).]
2.Sole proprietorships. A sole proprietorship and its owner are treated as a single entity. [2023, c. 244, §9(REEN).]
Added by 2023SP1, c. 244,§ 9, eff. 6/22/2023.Repealed by 2021SP1, c. 274,§ 8, eff. 1/1/2023.Amended by 2013, c. 334,§ 5 and § 6, eff. 10/9/2013.1991, c. 839, § 12 (NEW) . 2007, c. 443, Pt. A, §15 (AMD) .