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§ 6-203. Community development organization

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: June 1, 2010

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 6. Division of Neighborhood Revitalization (Refs & Annos)
Subtitle 2. Community Legacy Program (Refs & Annos)
Effective: June 1, 2010
MD Code, Housing & Community Development, § 6-203
§ 6-203. Community development organization
Currentness
A corporation, foundation, or other legal entity qualifies as a community development organization if:
(1) its purpose is to improve the physical, economic, or social environment of the area where it operates; and
(2) no part of its net earnings inures to the benefit of a private shareholder or individual holding an interest in that entity.

Credits

Added as Housing and Community Development § 6-204 by Acts 2005, c. 26, § 2, eff. Oct. 1, 2005. Renumbered as Housing and Community Development § 6-203 by Acts 2010, c. 487, § 1, eff. June 1, 2010.
MD Code, Housing & Community Development, § 6-203, MD HOUS & CMTY DEV § 6-203
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document