Md. Code Ann., Econ. Dev. § 13-1206

Powers and duties of Partnership

Effective Jul 1, 2016Added by Acts 2014, c. 570, § 1, eff. June 1, 2014; Acts 2014, c. 571, § 1, eff. June 1, 2014. Amended by Acts 2016, c. 444, § 1, eff. July 1, 2016.State of Maryland

The Partnership may:

  1. (1) adopt a seal;
  2. (2) sue or be sued;
  3. (3) adopt bylaws and rules for the conduct of its business;
  4. (4) enter into contracts and other legal instruments;
  5. (5) accept grants, contributions, or other assistance of any kind from the federal government, the State, a local government, a college or university, or other public or private source;
  6. (6) include in any contract for financial assistance with the federal government any reasonable and appropriate condition imposed under federal law that is not inconsistent with the purposes of this subtitle;
  7. (7) make grants from the Fund to further the purposes of this subtitle;
  8. (8) create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity; and
  9. (9) do all things necessary or convenient to carry out the purposes of this subtitle.

Added by Acts 2014, c. 570, § 1, eff. June 1, 2014; Acts 2014, c. 571, § 1, eff. June 1, 2014. Amended by Acts 2016, c. 444, § 1, eff. July 1, 2016.

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