Maryland Code, ECONOMIC DEVELOPMENT 10-105
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Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-105
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) There is a Maryland Economic Development Corporation.
(b) The Corporation is a body politic and corporate and is an instrumentality of the State.
(c) The exercise by the Corporation of a power under this subtitle is the performance of an essential governmental function.