Home Table of Contents

§ 11-304. Incorporation

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 11. Military Installation Support (Refs & Annos)
Subtitle 3. Local Redevelopment Authorities (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 11-304
§ 11-304. Incorporation
Currentness
Filing of articles
(a) The Secretary shall execute and file proposed articles of incorporation of an authority with the State Department of Assessments and Taxation.
Required contents
(b) The proposed articles of incorporation shall state:
(1) the name of the authority;
(2) that the authority is formed under this subtitle;
(3) the names, addresses, and terms of office of the first members of the Board of the authority;
(4) the location of the principal office of the authority;
(5) the purposes for which the authority is formed; and
(6) the powers of the authority, subject to the restrictions or limitations on the powers of the authority under this subtitle.
Effect of filing
(c) Acceptance of the articles for record by the State Department of Assessments and Taxation is conclusive evidence of the formation of the authority.
Amendment of articles
(d)(1) The Board may amend the articles of incorporation.
(2) Any amendment to the articles of incorporation shall be filed with the State Department of Assessments and Taxation.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 11-304, MD ECON DEV § 11-304
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