§ 12-814
73 words·~1 min read·
/md/economic-development/12-814A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§12–814.
(a)The net earnings of the Authority, apart from those necessary to pay debt service or to implement the purposes of this subtitle, may not inure to the benefit of any person other than the county.
(b)On termination of the Authority, all rights and title to all assets of the Authority shall vest in, and all obligations and liabilities of the Authority may be transferred to and assumed by, the county.