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 6 - Montgomery County -- Business Improvement Districts
Section 12-602 - Legislative Purposes
Section 12-603 - Applicability
Section 12-604 - Creation of Business Improvement District
Section 12-605 - Board of Directors
Section 12-608 - Application to Establish District Corporation
Section 12-609 - Public Hearing
Section 12-610 - Business Improvement District Tax
Section 12-611 - Expansion of District
Section 12-612 - Review and Determination of Continuance of District