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§ 10-909. Duties and powers of Corporation

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2015

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 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 9. Maryland Public-Private Partnership Marketing Corporation (Refs & Annos)
Effective: October 1, 2015
MD Code, Economic Development, § 10-909
§ 10-909. Duties and powers of Corporation
Currentness
The Corporation may:
(1) adopt bylaws for the conduct of its business;
(2) adopt a seal;
(3) maintain offices at a place in the State that the Corporation designates;
(4) accept loans, grants, or assistance of any kind from the federal or State government, local government, a college or university, or a private source;
(5) accept assistance from the Maryland Economic Development Corporation;
(6) enter into contracts and other legal instruments;
(7) sue or be sued;
(8) acquire, purchase, hold, lease as lessee, and use:
(i) a franchise, patent, or license;
(ii) any real, personal, mixed, tangible, or intangible property; or
(iii) an interest in the property listed in this item;
(9) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that the Corporation acquires;
(10) fix and collect rates, rentals, fees, royalties, and charges for services and resources the Corporation provides or makes available; and
(11) do all things necessary or convenient to carry out the powers granted by this subtitle.

Credits

Added by Acts 2015, c. 141, § 2, eff. Oct. 1, 2015.
MD Code, Economic Development, § 10-909, MD ECON DEV § 10-909
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.
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