{"data":{"id":"us-md/md.-code-business-regulation-6.5-101","jurisdiction":"us-md","citation":"Md. Code, Business Regulation § 6.5–101","heading":"","body":"(a) In this title the following words have the meanings indicated.\n(b) (1) “Charitable asset” means property that is given, received, or held for a charitable purpose, including all interest in:\n(i) real property; or\n(ii) tangible or intangible personal property.\n(2) “Charitable asset” includes:\n(i) cash;\n(ii) remainder interests;\n(iii) conservation or preservation easements or restrictions; and\n(iv) charitable contributions.\n(3) “Charitable asset” does not include property acquired or held for a for–profit purpose.\n(c) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose whose achievement is beneficial to the community.","path":["Article - Business Regulation"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gbr\u0026section=6.5-101","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:23Z","sha256":"be4bc313e7c5ed8bdf8c5ddc44a227423ee204de0b48cd653b6bb88b8e4e5527","source_id":"us-md","stale":false,"prev":"us-md/md.-code-business-regulation-6-701","next":"us-md/md.-code-business-regulation-6.5-102"},"notice":"GroundRules: Original legal text. Not legal advice."}