Maryland Statutes
Subtitle 5 - Maryland Agricultural and Resource-Based Industry Development Corporation
Section 10-509 - Powers -- in General

The Corporation may:
        (1)    adopt bylaws for the conduct of its business;
        (2)    adopt a seal;
        (3)    maintain an office at a place it designates in the State;
        (4)    accept loans, grants, or financial and technical assistance in any form from the federal or State government, local governments, colleges or universities, or a private source;
        (5)    enter into contracts and other legal instruments;
        (6)    sue or be sued;
        (7)    acquire, purchase, hold, lease as a lessee, and use any franchise, patent, or license and real, personal, mixed, or tangible or intangible property, or any interest in property;
        (8)    own, improve, sell, lease as a lessor, transfer, license, assign, encumber, and dispose of any property or interest in property, necessary or convenient to carry out its purposes at public sale, with or without public bidding;
        (9)    fix and collect rates, rentals, fees, royalties, and charges for the use of or for services and resources it provides or makes available;
        (10)    retain any necessary accountants, engineers, financial advisors, and other consultants;
        (11)    with the approval of the Attorney General, retain any necessary lawyers;
        (12)    further define or limit the term “revenue” defined in § 10-501 of this subtitle as the term applies to a particular project, financing, or other matter;
        (13)    create, own, control, or be a member of a corporation, limited liability company, partnership, or other person, whether operated for profit or not for profit;
        (14)    exercise a power usually possessed by a private corporation in performing similar functions unless to do so would conflict with State law; and
        (15)    do anything necessary or convenient to carry out the powers granted by this subtitle.