§ 10-509
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/md/economic-development/10-509A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–509.
The Corporation may:
(1)adopt bylaws for the conduct of its business;
(2)adopt a seal;
(3)maintain an office at a place it designates in the State;
(4)accept loans, grants, or financial and technical assistance in any form from the federal or State government, local governments, colleges or universities, or a private source;
(5)enter into contracts and other legal instruments;
(6)sue or be sued;
(7)acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, or tangible or intangible property, or any interest in property;
(8)own, improve, sell, lease as a lessor, transfer, license, assign, encumber, and dispose of any property or interest in property, necessary or convenient to carry out its purposes at public sale, with or without public bidding;
(9)fix and collect rates, rentals, fees, royalties, and charges for the use of or for services and resources it provides or makes available;
(10)retain any necessary accountants, engineers, financial advisors, and other consultants;
(11)with the approval of the Attorney General, retain any necessary lawyers;
(12)further define or limit the term “revenue” defined in § 10-501 of this subtitle as the term applies to a particular project, financing, or other matter;
(13)create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether operated for profit or not for profit;
(14)exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and
(15)do anything necessary or convenient to carry out the powers granted by this subtitle.