§ 10-819
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/md/economic-development/10-819A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–819.
The Center may:
(1)adopt bylaws for the conduct of its business;
(2)adopt a seal;
(3)maintain offices at a place it designates in the State;
(4)accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;
(5)enter into contracts and other legal instruments;
(6)sue or be sued;
(7)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;
(8)sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;
(9)fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;
(10)create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit;
(11)exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and
(12)do all things necessary or convenient to carry out the powers granted by this subtitle.