1. (a) Subject to § 6-101(c) of this article, a Maryland railroad company may acquire, own, hold, pledge, sell, dispose of, endorse, guarantee, or assume the stocks, bonds, and other securities of:

   1. (1) a Maryland railroad company;
   2. (2) a railroad company of any other state; and
   3. (3) an inland, coast, or ocean transportation company.
2. (b) A Maryland railroad company may own and operate a line of steamships or steamboats if they can be used wholly or partly, in connection with the business of the Maryland railroad company.

Added by Acts 1998, c. 8, § 2, eff. Oct. 1, 1998.

Formerly Art. 23, §§ 226, 236.