§ 12-205. Articles of organization--In general
West's Annotated Code of MarylandHousing and Community Development
MD Code, Housing & Community Development, § 12-205
§ 12-205. Articles of organization--In general
(a) Articles of organization, if they are not inconsistent with this title, may be adopted for an authority governed by another title in this Division II.
(b)(1) Articles of organization shall state:
(c)(1) Subject to paragraph (2) of this subsection, the articles of organization may contain specific terms governing the operation of the authority and its housing projects, including financial reporting, budgetary, and personnel requirements.
(d) Articles of organization may not require the authority directly or indirectly to pay any of its reserves or other money to the political subdivision.
(e) The custodian of records shall file with the Secretary of State a certified copy of the written recommendation of the chief elected official and the resolution or ordinance adopting the articles of organization.
(f)(1) If the Secretary of State finds that the requirements of § 12-203 of this subtitle have been met, the Secretary of State shall endorse the articles of organization “approved” and issue to the authority a certificate of approval attached to them and a certificate of organization.
(g) The Secretary of State:
(h)(1) In a proceeding involving or relating to a contract of an authority, the authority is considered to be authorized to do business and exercise its powers if the Secretary of State has issued a certificate of organization.
Credits
Added by Acts 2006, c. 63, § 2, eff. Oct. 1, 2006. Amended by Acts 2006, c. 44, § 6, eff. April 8, 2006.
MD Code, Housing & Community Development, § 12-205, MD HOUS & CMTY DEV § 12-205
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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