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§ 16-502. Purpose; legislative intent

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 16. Cigarettes (Refs & Annos)
Subtitle 5. Escrow Requirements for Nonparticipating Tobacco Product Manufacturers (Refs & Annos)
MD Code, Business Regulation, § 16-502
§ 16-502. Purpose; legislative intent
(a) Violations of the Escrow Act, an act concerning nonparticipating manufacturers and deposits of funds into escrow accounts, threaten the integrity of the tobacco Master Settlement Agreement, the fiscal soundness of the State, and the public health.
(b) Enacting procedural enhancements will help prevent violations and aid the enforcement of the Escrow Act and thereby safeguard the Master Settlement Agreement, the fiscal soundness of the State, and the public health.
(c) The provisions of this subtitle are not intended to and may not be interpreted to amend the Escrow Act.

Credits

Added by Acts 2003, c. 455, § 1, eff. June 1, 2003.
MD Code, Business Regulation, § 16-502, MD BUS REG § 16-502
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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