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Maryland Code, Economic Development § 13-733

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(a) The Bureau may establish a private, nonprofit corporation to assist the Bureau.

(b) Subject to the Corporations and Associations Article, the Bureau shall determine the powers and duties of the corporation.

(c) The Bureau may:

(1) set the number of members of the Board of Directors of the corporation;

(2) set a procedure to elect and remove directors;

(3) set the compensation of a director;  and

(4) require the corporation to report periodically to the Bureau on its activities.

Cite this article: - Maryland Code, Economic Development § 13-733 - last updated December 31, 2021 |

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