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§ 10-909. Powers of Corporation.

MD Econ Dev Code § 10-909 (2019) (N/A)
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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.

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§ 10-908. Applicability of other laws.
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§ 10-910. Corporate tax exemption.