Maryland Code, ECONOMIC DEVELOPMENT 10-112
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Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-112
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A finding by the Board concerning the public purpose of an action, the legislative intent expressed under this subtitle, or the appropriateness of the action in serving the public purpose and satisfying the legislative intent is conclusive in a proceeding that involves the validity or enforceability of:
(1) an agreement entered into by the Corporation under this subtitle;
(2) a bond; or
(3) any security relating to a bond.