§ 9-308
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/md/public-utilities/9-308A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–308.
(a)Subject to § 6-101(c) of this article, a Maryland railroad company may acquire, own, hold, pledge, sell, dispose of, endorse, guarantee, or assume the stocks, bonds, and other securities of:
(1)a Maryland railroad company;
(2)a railroad company of any other state; and
(3)an inland, coast, or ocean transportation company.
(b)A Maryland railroad company may own and operate a line of steamships or steamboats if they can be used wholly or partly, in connection with the business of the Maryland railroad company.