§ 16-503. Certification of participation or compliance with Escrow Act
West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2009
Effective: October 1, 2009
MD Code, Business Regulation, § 16-503
§ 16-503. Certification of participation or compliance with Escrow Act
(a) A tobacco product manufacturer whose cigarettes are sold in this State, whether directly or through a distributor, retailer or similar intermediary, shall execute and deliver, on a form prescribed by the Attorney General, a certification to the Attorney General no later than the 30th day of April each year, certifying under penalty of perjury that, as of the date of the certification, the tobacco product manufacturer either:
(iii) the amount the nonparticipating manufacturer placed in the fund for cigarettes sold in the State during the preceding calendar year, the date and amount of each deposit, and any additional information the Attorney General considers necessary to confirm the information required by this subparagraph; and
(iv) the amount of and date of any withdrawal or transfer of funds the nonparticipating manufacturer made at any time from the fund or from any other qualified escrow fund into which the nonparticipating manufacturer made escrow payments under § 16-403(a)(2) of this title (the Escrow Act) and all regulations adopted under that section.
(i) in the case of a participating manufacturer, the participating manufacturer affirms that the brand family is deemed to be its cigarettes for purposes of calculating its payments under the Master Settlement Agreement for the relevant year, in the volume and shares determined in accordance with the Master Settlement Agreement; and
(2) Nothing in this section may be construed as limiting or otherwise affecting the State's right to maintain that a brand family constitutes cigarettes of a different tobacco product manufacturer for purposes of calculating payments under the Master Settlement Agreement or for purposes of the Escrow Act.
Credits
Added by Acts 2003, c. 455, § 1, eff. June 1, 2003. Amended by Acts 2009, c. 12, § 2, eff. Oct. 1, 2009.
MD Code, Business Regulation, § 16-503, MD BUS REG § 16-503
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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