§ 10-909

Maryland § 10-909

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 10

Text

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.