Maryland § 11-540
Full text of Maryland Maryland Code § 11-540, with citation guidance and answers to common questions.
§ 11-540.
(a) A licensee who provides for a Fund Race:
(1) need not contribute an amount greater than the allocation to the Fund set under § 11-515 or § 11-525 of this subtitle; but
(2) may add to any purse in a Fund Race.
(b) A purse, authorized under this part and paid in a Fund Race, is specifically excluded from breeders’ bonuses, purses, or stakes that are paid or offered by licensees in races other than Fund Races as determined by agreement or formula between a licensee and an organization that represents a majority of the owners and trainers.
Frequently Asked Questions About Maryland § 11-540
What does Maryland Code § 11-540 cover?
Section 11-540 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 § 11-540?
A common citation format is "Maryland Code § 11-540" (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 § 11-540 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.