Maryland § 11-515.1
Full text of Maryland Maryland Code § 11-515.1, with citation guidance and answers to common questions.
§ 11-515.1.
(a) Notwithstanding § 11-515 of this subtitle, the amount of the takeout relating to purses, the Maryland-Bred Race Fund, and the amount retained by the licensee may be allocated in accordance with the terms of a written agreement signed by the authorized representatives of:
(1) the licensee;
(2) the group that represents a majority of the owners and trainers licensed in the State at the time the agreement is signed; and
(3) the group that represents a majority of the breeders in the State at the time the agreement is signed.
(b) Nothing in this section may be construed to permit the licensee to in any way alter the mandatory takeout allocated to the Commission for the State tax.
Frequently Asked Questions About Maryland § 11-515.1
What does Maryland Code § 11-515.1 cover?
Section 11-515.1 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-515.1?
A common citation format is "Maryland Code § 11-515.1" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-515.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.