Maryland Code, STATE GOVERNMENT 9-2602
Terms Used In Maryland Code, STATE GOVERNMENT 9-2602
- 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
(b) (1) The purpose of the Corporation is to plan, develop, and manage a Maryland museum of African American history and culture in Baltimore City, in cooperation with and with the active support of the Mayor and City Council of Baltimore, affected State units, and other public and private institutions.
(2) The Corporation may carry out its corporate purposes without the consent of any unit of State government.
(c) (1) The Corporation is:
(i) a body politic and corporate;
(ii) a public instrumentality of the State; and
(iii) an independent unit in the Executive Branch of State government.
(2) The exercise by the Corporation of the powers conferred by this subtitle is an essential public function.