# Business Regulation (GBR)

## Title 6.5. Protection of Charitable Assets

### Subtitle 1

#### Section 6.5-101

(a) In this title the following words have the meanings indicated.

(b)

  (1) "Charitable asset" means property that is given, received, or held for a charitable purpose, including all interest in:

    (i) real property; or

    (ii) tangible or intangible personal property.

  (2) "Charitable asset" includes:

    (i) cash;

    (ii) remainder interests;

    (iii) conservation or preservation easements or restrictions; and

    (iv) charitable contributions.

  (3) "Charitable asset" does not include property acquired or held for a for-profit purpose.

(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.

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Md. Code Ann., Bus. Reg. (as displayed at mgaleg.maryland.gov, October 16, 2026)