<?xml version='1.0' encoding='utf-8'?>
<section article="gpu" article_name="Public Utilities" number="9-308" title_number="9" title_name="Carrier Companies" subtitle_number="3" subtitle_name="Maryland Railroad Companies">
  <level label="a">
    <text>Subject to § 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:</text>
    <level label="1">
      <text>a Maryland railroad company;</text>
    </level>
    <level label="2">
      <text>a railroad company of any other state; and</text>
    </level>
    <level label="3">
      <text>an inland, coast, or ocean transportation company.</text>
    </level>
  </level>
  <level label="b">
    <text>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.</text>
  </level>
</section>
