HARRY HUGHES, Governor

3719

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)  Every professional fund-raiser and professional
solicitor shall, at the time of making application, file with and
have approved by the Secretary of State a bond in which the
applicant shall be the principal obligor in the sum of ten
thousand dollars ($10,000) with one or more sureties satisfactory
to the Secretary of State, whose liability in the aggregate as
such sureties will at least equal the sum and maintain the bond
in effect so long as a registration is in effect. The bond shall
run to the State of Maryland for the use of the State and any
person who may have a cause of action against the obligor of the
bonds for any losses resulting from malfeasance, nonfeasance or
misfeasance in the conduct of solicitation activities. A
partnership or corporation which is a professional fund-raiser
may file a consolidated bond on behalf of all its members,
officers and employees.

(c)  Each registration is valid for one year and may be
renewed for additional one-year periods upon application to the
Secretary of State, payment of the renewal fee, and proof that
the required bond, cash, or cash equivalent is and will remain in
effect.

(d)   If the Secretary of State finds that the application is
in conformity with the requirements of this section and the rules
and regulations adopted pursuant to it, and that the registrant
has complied with the requirements of this subtitle and the rules
and regulations adopted pursuant to it, he shall approve the
registration. An applicant whose application for registration is
denied, may within 30 days from the date of notification of the
denial, request in writing a hearing before the Secretary of
State. A hearing shall be held within 60 days from the date the
Secretary of State receives the request.]

103F-1.

(A) A PERSON MAY NOT ACT AS A PROFESSIONAL FUND-RAISING
COUNSEL FOR A CHARITABLE ORGANIZATION UNLESS THAT PERSON HAS
FIRST REGISTERED WITH THE SECRETARY OF STATE. APPLICATIONS FOR
REGISTRATION SHALL BE IN THE FORM AND CONTAIN INFORMATION AS MAY
BE PRESCRIBED BY THE SECRETARY OF STATE, AND SHALL BE UNDER OATH.
THE APPLICATION FOR REGISTRATION BY A PROFESSIONAL FUND-RAISING
COUNSEL OR RENEWAL OF REGISTRATION SHALL BE ACCOMPANIED BY AN
ANNUAL FEE OF $100. A PARTNERSHIP, CORPORATION, OR OTHER ENTITY
WHICH INTENDS TO ACT AS A PROFESSIONAL FUND-RAISING COUNSEL MAY