Powers of Corporation.

Checkout our iOS App for a better way to browser and research.

    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.


Download our app to see the most-to-date content.