(a) On approval of the petition and report filed under Subtitle 2 of this title, the county commissioners, county council, or Mayor and City Council of Baltimore City shall:

(1) establish a watershed association that is composed of the landowners; and

(2) name the organization the “_______ Public Watershed Association”.

(b) A watershed association created under this title is a political subdivision of the State and a body politic and corporate.

(c) A watershed association may:

(1) acquire, hold, and convey property;

(2) sue and be sued;

(3) adopt a seal; and

(4) exercise corporate powers.