§ 10-909
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/md/economic-development/10-909A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–909.
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.