Maryland Code, ECONOMIC DEVELOPMENT 10-902
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-902
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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 Public-Private Partnership Marketing Corporation.
(b) The Corporation is a body politic and corporate and is an instrumentality of the State.
(c) The purposes of the Corporation are to:
(1) create a branding strategy for the State;
(2) market the State’s assets to out-of-state businesses;
(3) recruit out-of-state businesses to locate and grow in the State; and
(4) foster public-private partnerships that encourage location and development of new businesses in the State.