Maryland Statutes
Part I - General Provisions
Section 10-408 - Duties and Powers -- in General

(a)    The Corporation shall adopt regulations establishing:
        (1)    the investment committee;
        (2)    the responsibilities of the investment committee; and
        (3)    the procedures for the appointment of investment committee members.
    (b)    The Corporation may:
        (1)    adopt bylaws for the conduct of its business;
        (2)    adopt a seal;
        (3)    maintain offices at a place it designates in the State;
        (4)    accept loans, grants, or assistance of any kind from the federal or State government, a local government, a college or university, or a private source;
        (5)    enter into contracts and other legal instruments;
        (6)    sue or be sued;
        (7)    acquire, purchase, hold, lease as lessee, and use:
            (i)    a franchise, patent, or license;
            (ii)    any real, personal, mixed, tangible, or intangible property; or
            (iii)    an interest in the property listed in this item;
        (8)    sell, lease as lessor, transfer, license, assign, or dispose of property or a property interest that it acquires;
        (9)    fix and collect rates, rentals, fees, royalties, and charges for services and resources it provides or makes available;
        (10)    create, own, control, or be a member of a corporation, limited liability company, partnership, or other entity, whether operated for profit or not for profit;
        (11)    exercise power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and
        (12)    do all things necessary or convenient to carry out the powers granted by this subtitle.