Fund-Raising Notice for Professional Solicitors - Maryland

Fund-Raising Notice for Professional Solicitors is a legal document that was released by the Maryland Secretary of State - a government authority operating within Maryland.

FAQ

Q: What is a professional solicitor?
A: A professional solicitor is a person or organization hired to raise funds on behalf of a charitable organization.

Q: Do professional solicitors need to register in Maryland?
A: Yes, professional solicitors need to register with the Maryland Secretary of State before engaging in any fund-raising activities.

Q: What information do professional solicitors need to provide when registering in Maryland?
A: Professional solicitors need to provide their contact information, details of their fundraising activities, financial information, and any other required documentation.

Q: Are there any fees associated with registering as a professional solicitor in Maryland?
A: Yes, there are fees associated with registering as a professional solicitor in Maryland. The fees vary depending on the type of solicitation and the amount of funds expected to be raised.

Q: Is there a bond requirement for professional solicitors in Maryland?
A: Yes, professional solicitors are required to post a bond or provide an equivalent form of security in Maryland.

Q: Are there any restrictions on the compensation of professional solicitors in Maryland?
A: Yes, there are restrictions on the compensation of professional solicitors in Maryland. They must disclose their compensation arrangement with the charitable organization and cannot receive excessive compensation.

Q: What are the consequences for non-compliance by professional solicitors in Maryland?
A: Non-compliance by professional solicitors in Maryland can result in penalties, fines, and possible legal action.

Q: Is there a list of registered professional solicitors available to the public in Maryland?
A: Yes, the Maryland Secretary of State maintains a list of registered professional solicitors, which is available to the public for reference.