§ 13-733. Corporation

MD Econ Dev Code § 13-733 (2019) (N/A)
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(a)    The Bureau may establish a private, nonprofit corporation to assist the Bureau.

(b)    Subject to the Corporations and Associations Article, the Bureau shall determine the powers and duties of the corporation.

(c)    The Bureau may:

(1)    set the number of members of the Board of Directors of the corporation;

(2)    set a procedure to elect and remove directors;

(3)    set the compensation of a director; and

(4)    require the corporation to report periodically to the Bureau on its activities.