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§ 6.5-102. Duty of Attorney General to represent the public interest in protection of charitabl...

West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2014

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 6.5. Protection of Charitable Assets (Refs & Annos)
Effective: October 1, 2014
MD Code, Business Regulation, § 6.5-102
§ 6.5-102. Duty of Attorney General to represent the public interest in protection of charitable assets
Currentness
(a) The Attorney General shall represent the public interest in the protection of charitable assets and may:
(1) enforce the application of a charitable asset in accordance with:
(i) the law and terms governing the use, management, investment, distribution, and expenditure of the charitable asset; and
(ii) the charitable purpose of the person holding the charitable asset;
(2) act to prevent or remedy:
(i) the misapplication, diversion, or waste of a charitable asset; or
(ii) a breach of fiduciary or other legal duty in the governance, management, or administration of a charitable asset; and
(3) commence or intervene in an action to:
(i) prevent, remedy, or obtain damages for:
1. the misapplication, diversion, or waste of a charitable asset; or
2. a breach of fiduciary or other legal duty in the governance, management, or administration of a charitable asset;
(ii) enforce this title; or
(iii) determine that an asset is a charitable asset.
(b) If the Attorney General has reason to believe an investigation is necessary to determine whether action may be advisable under this section, the Attorney General may conduct an investigation, including exercising subpoena power.

Credits

Added by Acts 2014, c. 654, § 1, eff. Oct. 1, 2014.
MD Code, Business Regulation, § 6.5-102, MD BUS REG § 6.5-102
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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