Current with changes from the 2024 Legislative Session
The Corporation may:
(1) adopt bylaws for the conduct of its business;(3) maintain offices at a place it designates in the State;(4) accept loans, grants, investments, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;(5) enter into contracts and other legal instruments;(7) 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;(8) sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;(9) fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;(10) create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit;(11) exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and(12) do all things necessary or convenient to carry out this subtitle.Added by 2024 Md. Laws, Ch. 123,Sec. 1, eff. 7/1/2024.