Md. Code, Business Regulation § 4-413
This is the official text of Md. Code, Business Regulation § 4-413, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§4–413.
Official statutory text
(a) An athlete agent, with the intent to induce a student–athlete to enter into an agency contract, may not:
(1) give any materially false or misleading information or make a materially false promise or representation;
(2) furnish anything of value to a student–athlete before the student–athlete enters into the agency contract;
(3) furnish anything of value to any individual other than the student–athlete or another licensed athlete agent; or
(4) solicit another individual who is not an athlete agent to commit an act on behalf of the athlete agent that is a violation of this subtitle.
(b) An athlete agent may not intentionally:
(1) initiate contact with a student–athlete unless licensed under this subtitle;
(2) refuse or fail to retain or permit inspection of the records required to be retained by § 4–412 of this subtitle;
(3) fail to obtain a license when required by § 4–403 of this subtitle;
(4) provide materially false or misleading information in an application for a license or renewal of a license;
(5) predate or postdate an agency contract; or
(6) fail to notify a student–athlete before the student–athlete signs or otherwise authenticates an agency contract for a particular sport that the signing or authentication may make the student–athlete ineligible to participate as a student–athlete in that sport.
(c) An athlete agent may not split a fee with or receive compensation from:
(1) a professional sports league;
(2) a professional sports franchise;
(3) a representative or employee of a professional sports league or franchise; or
(4) an employee of an educational institution in the State.
(1) give any materially false or misleading information or make a materially false promise or representation;
(2) furnish anything of value to a student–athlete before the student–athlete enters into the agency contract;
(3) furnish anything of value to any individual other than the student–athlete or another licensed athlete agent; or
(4) solicit another individual who is not an athlete agent to commit an act on behalf of the athlete agent that is a violation of this subtitle.
(b) An athlete agent may not intentionally:
(1) initiate contact with a student–athlete unless licensed under this subtitle;
(2) refuse or fail to retain or permit inspection of the records required to be retained by § 4–412 of this subtitle;
(3) fail to obtain a license when required by § 4–403 of this subtitle;
(4) provide materially false or misleading information in an application for a license or renewal of a license;
(5) predate or postdate an agency contract; or
(6) fail to notify a student–athlete before the student–athlete signs or otherwise authenticates an agency contract for a particular sport that the signing or authentication may make the student–athlete ineligible to participate as a student–athlete in that sport.
(c) An athlete agent may not split a fee with or receive compensation from:
(1) a professional sports league;
(2) a professional sports franchise;
(3) a representative or employee of a professional sports league or franchise; or
(4) an employee of an educational institution in the State.
Status: in_force · Read it on the official government site
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