Code of Maryland Regulations
Title 01 - EXECUTIVE DEPARTMENT
Subtitle 02 - SECRETARY OF STATE
Chapter 01.02.07 - Raffles of Real Property
Section 01.02.07.09 - Use of Proceeds
Universal Citation: MD Code Reg 01.02.07.09
Current through Register Vol. 51, No. 6, March 22, 2024
Except as otherwise expressly authorized in these regulations:
A. All proceeds from a raffle of real property shall be received by the charitable organization conducting the raffle and, after payment of the reasonable costs and expenses related to the raffle, may only be used by the charitable organization in furtherance of its charitable purposes; and
B. No other person or group of persons may benefit financially from, receive, or be paid any of the proceeds from the raffle.
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