The net earnings of a district corporation may benefit only the district corporation.
Structure Maryland Statutes
Division II - Independent and Regional Development Units and Resources
Title 12 - Local Development Authorities and Resources
Subtitle 4 - Business Improvement Districts
Section 12-402 - Legislative Purposes
Section 12-402.1 - Subtitle Inapplicable in Montgomery County
Section 12-403 - Adoption of Local Law to Create Business Improvement District
Section 12-404 - Board of Directors
Section 12-405 - Use of Net Earnings
Section 12-407 - Documentation Required by Owners Seeking to Establish District
Section 12-408 - Requirements for Hearing; Authorization of District