Current as of December 31, 2021 | Updated by FindLaw Staff
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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: FindLaw.com - Maryland Code, Economic Development § 13-733 - last updated December 31, 2021 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-13-733/
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