§ 12-106. Raffles

   (a) Charitable organization. --

   (1) Notwithstanding any other provision of this subtitle, Subtitle 2 of this title, or Title 13 of this article and except as otherwise provided in this subsection, a bona fide charitable organization in this State may conduct a raffle for the exclusive benefit of the charitable organization if the prize awarded is real property:

      (i) to which the charitable organization holds title; or

      (ii) for which the charitable organization has the ability to convey title.

   (2) A charitable organization may not conduct more than two raffles of real property in a calendar year.

   (3) The Secretary of State may adopt regulations governing a raffle of real property by a charitable organization under this subsection.

(b) Political committee or candidate for public office. --

   (1) Notwithstanding any other provision of this article and except as otherwise provided in this subsection, a political committee or candidate for public office may conduct a raffle if the prizes awarded are money or merchandise.

   (2) (i) The cost of a raffle ticket under this subsection may not exceed $ 5.

      (ii) An individual may not purchase more than $ 50 worth of tickets.

   (3) This subsection does not relieve a political committee or candidate from the reporting and record keeping requirements under the Election Law Article.

(c) Savings promotion raffle by credit unions or depository institutions. --

   (1) Notwithstanding any other provision of this article, a credit union organized under Title 6 of the Financial Institutions Article may conduct a savings promotion raffle under § 6-716 of the Financial Institutions Article.

   (2) Notwithstanding any other provision of this article, a depository institution, as defined in § 1-211 of the Financial Institutions Article, may conduct a savings promotion raffle under § 1-211 of the Financial Institutions Article.

HISTORY: An. Code 1957, art. 27, § 236, 261D; 2002, ch. 26, § 2; ch. 213, § 7; 2010, chs. 627, 628; 2012, ch. 393.