1872

LAWS OF MARYLAND

Ch. 679

(E)        IF EXPENSES PAID IN CONNECTION WITH ANY

FUND-RAISER ACTIVITY, AND IF COMPENSATION PAID TO A
PRIVATE FUND-RAISER COUNSEL OR PROFESSIONAL SOLICITOR,
EXCEED 25 PERCENT OF THE TOTAL GROSS INCOME RAISED OR
RECEIVED BY REASON OF THE FUND-RAISING ACTIVITY OR AS A
RESULT OF THE SERVICES PERFORMED BY THE PRIVATE
FUND-RAISER COUNSEL OR PROFESSIONAL SOLICITOR, THE

PAYMENT IN EXCESS OF 25 PERCENT IS AGAINST PUBLIC POLICY
AND VOID. THE CHARITABLE ORGANIZATION MAY RECOVER THE
EXCESS AS DAMAGES IN A CIVIL ACTION FROM THE PRIVATE
FUND-RAISER COUNSEL OR PRIVATE SOLICITOR RECEIVING THE
PAYMENT OR RESPONSIBLE IN WHOLE OR IN PART FOR THE
INCURSION OF THE EXPENSES. THE FACT THAT THE CHARITABLE
ORGANIZATION AND THE PRIVATE FUND-RAISER COUNSEL OR
PROFESSIONAL SOLICITOR ENTERED INTO A CONTRACT PROVIDING
FOR OR PERMITTING THE EXCESS IS NO DEFENSE TO THE RIGHT
OF THE CHARITABLE ORGANIZATION TO ITS CIVIL RECOVERY,
UNLESS THE SECRETARY OF STATE APPROVED THE CONTRACT.]]

103E.           LIMITATION ON ACTIVITIES OF CHARITABLE

ORGANIZATIONS.

A CHARITABLE ORGANIZATION MAY NOT SOLICIT FUNDS FROM
THE PUBLIC OR EXPEND THEM EXCEPT FOR THE CHARITABLE
PURPOSES STATED IN ITS REGISTRATION STATEMENT.

103F. REGISTRATION OF PROFESSIONAL FUND-RAISER COUNSEL
AND PROFESSIONAL SOLICITOR; BONDS; RECORDS; BOOKS.

(A)         A PERSON MAY NOT ACT AS A PROFESSIONAL

FUND-RAISER COUNSEL OR PROFESSIONAL SOLICITOR FOR A
CHARITABLE ORGANIZATION UNLESS HE HAS FIRST REGISTERED
WITH THE SECRETARY OF STATE. APPLICATIONS FOR

REGISTRATION SHALL BE IN THE FORM PRESCRIBED BY THE
SECRETARY OF STATE, SHALL CONTAIN THE INFORMATION
REQUIRED BY HIM, AND SHALL BE UNDER OATH. THE APPLICATION
FOR REGISTRATION BY A PROFESSIONAL FUND-RAISER COUNSEL OR
A PROFESSIONAL SOLICITOR OR RENEWAL OF IT SHALL BE
ACCOMPANIED BY AN ANNUAL FEE OF $100. A PARTNERSHIP,
CORPORATION OR OTHER ENTITY WHICH INTENDS TO ACT AS A
PROFESSIONAL FUND-RAISER COUNSEL OR PROFESSIONAL

SOLICITOR, MAY REGISTER FOR AND PAY A SINGLE FEE OF $100
ON BEHALF OF ALL ITS MEMBERS, OFFICERS, AGENTS, AND
EMPLOYEES. HOWEVER, THE NAMES AND ADDRESSES OF ALL
OFFICERS, AGENTS, AND EMPLOYEES, OF THE PROFESSIONAL
FUND-RAISER COUNSEL OR PROFESSIONAL SOLICITOR, AND ALL
OTHER PERSONS EMPLOYED TO WORK UNDER ITS DIRECTION MUST
BE LISTED IN THE APPLICATION.

[[ (B) THE APPLICANT AT THE TIME OF MAKING
APPLICATION, SHALL FILE WITH AND HAVE APPROVED BY THE
SECRETARY OF STATE A BOND, CASH, OR CASH EQUIVALENT IN
WHICH THE APPLICANT IS THE PRINCIPAL OBLIGOR IN THE SUM
OF $10,000 WITH ONE OR MORE SURETIES SATISFACTORY TO THE
SECRETARY OF STATE, WHOSE LIABILITY IN THE AGGREGATE AS
SURETIES WILL AT LEAST EQUAL $10,000.        THE APPLICANT

SHALL MAINTAIN THE BOND, CASH, OR CASH EQUIVALENT IN
EFFECT AS LONG AS HIS REGISTRATION IS IN EFFECT.        THE