Maryland Code, ECONOMIC DEVELOPMENT 10-124
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Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-124
- 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 - Trustee: A person or institution holding and administering property in trust.
Except to the extent rights granted by this subtitle are restricted by resolution passed before the issuance of the bonds or by the trust agreement, a holder of a bond issued under this subtitle or a trustee under a trust agreement may sue to:
(1) protect and enforce rights under the laws of the State, the resolution, or the trust agreement; and
(2) enforce and compel performance of duties by the Corporation or its officers that this subtitle, the resolution, or the trust agreement requires.