§ 10–1116
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 10-1116 (2026)
Title 10. Statewide Development Resources and Revenue Authorities
Subtitle 11. Maryland Community Investment Corporation
§ 10–1116LinkCopy Citation
The Corporation may:
(1)
adopt bylaws for the conduct of its business;
(2)
adopt a seal;
(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;
(6)
sue or be sued;
(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.