Maryland Code, ENVIRONMENT 9-932
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Terms Used In Maryland Code, ENVIRONMENT 9-932
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
By resolution of its board of directors, an authority may:
(1) Issue bonds of the authority;
(2) Secure the payment of the bonds by pledge or deed of trust of all or any part of the revenue of the authority;
(3) Either before or after the issuance of bonds, make any agreement that the authority considers advisable with:
(i) A purchaser or holder of the bonds; or
(ii) Any other person in connection with the bonds; and
(4) Provide generally for:
(i) The security for the bonds; and
(ii) The rights of the holders of the bonds.