PARRIS N. GLENDENING, Governor

Ch. 371

6-303.

(a)     (1) [On] EXCEPT AS PROVIDED IN SUBSECTION (C) OF THIS SECTION,
ON applying for registration as a professional solicitor, an applicant shall execute and
submit to the Secretary of State a bond in the sum of $25,000, with surety that the
Secretary of State approves.

(2)     The bond shall run to the State for the use of the State and each person
who may have a cause of action against the applicant for loss resulting from malfeasance,
nonfeasance, or misfeasance in the applicant's charitable solicitation.

(3)     The applicant shall keep the bond in force as long as the registration is
in effect.

(b)     An applicant for registration as a professional solicitor [may] SHALL submit
a consolidated bond OR SEPARATE BONDS for all of the officers, agents, members,
associate solicitors, SUBCONTRACTORS, and employees of the professional solicitor.

(C) AN APPLICANT FOR REGISTRATION AS A PROFESSIONAL SOLICITOR THAT
SUBMITS A $25,000 IRREVOCABLE LETTER OF CREDIT TO THE SECRETARY OF STATE
IS NOT REQUIRED TO SUBMIT A SURETY BOND UNDER SUBSECTION (A) OF THIS
SECTION.

6-306.

(A)    If a currently registered professional solicitor applies for a new registration
and has not yet submitted the accounting required by § 6-506 of this title, the professional
solicitor shall submit with the new application:

(1)     that accounting; or

(2)     an interim accounting, under oath and in a form that the Secretary of
State requires, that accounts for all money received and disbursed for each fund-raising
drive, campaign, or event through a date within 3 months before the professional
solicitor's current registration expires.

(B)     A PERSON THAT ACTS AS A PROFESSIONAL SOLICITOR BEFORE APPLYING
TO REGISTER AS A PROFESSIONAL SOLICITOR THAT HAS NOT SUBMITTED AN
ACCOUNTING UNDER § 6-506 OF THIS TITLE, SHALL SUBMIT WITH THE
PROFESSIONAL SOLICITOR APPLICATION:

(1)     THAT ACCOUNTING, OR

(2)     AN INTERIM ACCOUNTING, UNDER OATH, AND IN A FORM THAT THE
SECRETARY OF STATE REQUIRES, THAT ACCOUNTS FOR ALL MONEY RECEIVE AND
DISBURSED FOR EACH FUND-RAISING DRIVE, CAMPAIGN, OR EVENT THROUGH A
DATE WITHIN 3 MONTHS BEFORE THE PERSON FILED A PROFESSIONAL SOLICITOR
APPLICATION.

6-410.

(a) Within 30 days after receiving a request, a charitable organization shall mail a
current financial statement at no charge to the person who requested it.

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