<section article="gbr" article_name="Business Regulation" number="6.5-101" title_number="6.5" title_name="Protection of Charitable Assets" subtitle_number="1"> <level label="a"> <text>In this title the following words have the meanings indicated.</text> </level> <level label="b"> <level label="1"> <text>“Charitable asset” means property that is given, received, or held for a charitable purpose, including all interest in:</text> <level label="i"> <text>real property; or</text> </level> <level label="ii"> <text>tangible or intangible personal property.</text> </level> </level> <level label="2"> <text>“Charitable asset” includes:</text> <level label="i"> <text>cash;</text> </level> <level label="ii"> <text>remainder interests;</text> </level> <level label="iii"> <text>conservation or preservation easements or restrictions; and</text> </level> <level label="iv"> <text>charitable contributions.</text> </level> </level> <level label="3"> <text>“Charitable asset” does not include property acquired or held for a for–profit purpose.</text> </level> </level> <level label="c"> <text>“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.</text> </level> </section> <section article="gbr" article_name="Business Regulation" number="6.5-102" title_number="6.5" title_name="Protection of Charitable Assets" subtitle_number="1"> <level label="a"> <text>The Attorney General shall represent the public interest in the protection of charitable assets and may:</text> <level label="1"> <text>enforce the application of a charitable asset in accordance with:</text> <level label="i"> <text>the law and terms governing the use, management, investment, distribution, and expenditure of the charitable asset; and</text> </level> <level label="ii"> <text>the charitable purpose of the person holding the charitable asset;</text> </level> </level> <level label="2"> <text>act to prevent or remedy:</text> <level label="i"> <text>the misapplication, diversion, or waste of a charitable asset; or</text> </level> <level label="ii"> <text>a breach of fiduciary or other legal duty in the governance, management, or administration of a charitable asset; and</text> </level> </level> <level label="3"> <text>commence or intervene in an action to:</text> <level label="i"> <text>prevent, remedy, or obtain damages for:</text> <level label="1"> <text>the misapplication, diversion, or waste of a charitable asset; or</text> </level> <level label="2"> <text>a breach of fiduciary or other legal duty in the governance, management, or administration of a charitable asset;</text> </level> </level> <level label="ii"> <text>enforce this title; or</text> </level> <level label="iii"> <text>determine that an asset is a charitable asset.</text> </level> </level> </level> <level label="b"> <text>If the Attorney General has reason to believe an investigation is necessary to determine whether action may be advisable under this section, the Attorney General may conduct an investigation, including exercising subpoena power.</text> </level> </section> <section article="gbr" article_name="Business Regulation" number="6.5-103" title_number="6.5" title_name="Protection of Charitable Assets" subtitle_number="1"> <level label="a"> <text>If the Secretary of State and the Attorney General find or have reasonable grounds to believe that a person has misapplied, diverted, or wasted a charitable asset or breached a fiduciary or other legal duty in the governance, management, or administration of a charitable asset, the Secretary of State and the Attorney General may enter into a settlement agreement that includes:</text> <level label="1"> <text>payment by the responsible party of the value by which the charitable asset has been diminished; or</text> </level> <level label="2"> <text>transfer of the charitable asset to another charitable organization consistent with the charitable asset’s charitable purpose.</text> </level> </level> <level label="b"> <text>The Attorney General may sue in the circuit court for the county in which the alleged violation occurred for an order that:</text> <level label="1"> <text>restrains the responsible party from misapplying, diverting, or wasting a charitable asset in the State; and</text> </level> <level label="2"> <text>secures:</text> <level label="i"> <text>payment of the value by which the charitable asset has been diminished; or</text> </level> <level label="ii"> <text>transfer of the charitable asset to another charitable organization consistent with the charitable asset’s charitable purpose.</text> </level> </level> </level> <level label="c"> <text>The remedies under this section are in addition to and do not limit the powers and duties of the Secretary of State and the Attorney General under § 6–205 of this article or § 6.5–102 of this title.</text> </level> </section> <section article="gbr" article_name="Business Regulation" number="6.5-104" title_number="6.5" title_name="Protection of Charitable Assets" subtitle_number="1"> <text>Any action or other remedy enforcing this title is subject to any immunity or limitation on liability available under State or federal law or at common law. </text> </section> <section article="gbr" article_name="Business Regulation" number="6.5-105" title_number="6.5" title_name="Protection of Charitable Assets" subtitle_number="1"> <text>An action to enforce this title shall be brought within 3 years after the alleged violation occurred. </text> </section>