Md. Code Ann., Cts. & Jud. Proc. § 5-521
Department of Economic Competitiveness and Commerce
Effective Oct 1, 2015Added as Courts and Judicial Proceedings § 5-366 by Acts 1990, c. 546, § 3. Amended by Acts 1995, c. 120, § 19, eff. July 1, 1995. Renumbered as Courts and Judicial Proceedings § 5-521 by Acts 1997, c. 14, § 9, eff. April 8, 1997. Amended by Acts 2003, c. 21, § 1, eff. April 8, 2003; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008; Acts 2015, c. 22, § 5.State of Maryland
(a)
- (1) In this section the following words have the meanings indicated.
- (2) “Department” means the Department of Economic Competitiveness and Commerce.
- (3) “Eligible business” has the meaning stated in § 5-451 of the Economic Development Article.
- (4) “Lender” has the meaning stated in § 5-451 of the Economic Development Article.
- (b) The Department and the State are not liable to any lender for payment of the principal or interest on a loan to an eligible business in accordance with § 5-451 of the Economic Development Article.
Added as Courts and Judicial Proceedings § 5-366 by Acts 1990, c. 546, § 3. Amended by Acts 1995, c. 120, § 19, eff. July 1, 1995. Renumbered as Courts and Judicial Proceedings § 5-521 by Acts 1997, c. 14, § 9, eff. April 8, 1997. Amended by Acts 2003, c. 21, § 1, eff. April 8, 2003; Acts 2004, c. 25, § 1, eff. April 13, 2004; Acts 2008, c. 307, § 1, eff. Oct. 1, 2008; Acts 2015, c. 22, § 5.