# Public Utilities (GPU)

## Title 9. Carrier Companies

### Subtitle 3. Maryland Railroad Companies

#### Section 9-308

(a) Subject to Sec. 6-101(c) of this article, a Maryland railroad company may acquire, own, hold, pledge, sell, dispose of, endorse, guarantee, or assume the stocks, bonds, and other securities of:

  (1) a Maryland railroad company;

  (2) a railroad company of any other state; and

  (3) an inland, coast, or ocean transportation company.

(b) A Maryland railroad company may own and operate a line of steamships or steamboats if they can be used wholly or partly, in connection with the business of the Maryland railroad company.

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Md. Code Ann., Pub. Util. (as displayed at mgaleg.maryland.gov, October 16, 2026)