A note is a valid and binding obligation of the issuing county in accordance with the terms of the note even if an official whose signature appears on the note:
(1) ceases to be an official before the delivery of the note; or
(2) becomes an official after the date of issue of the note.
Structure Maryland Statutes
Subtitle 6 - Creation of Public Debt -- Public Schools
Part I - Public Schools -- in General
Section 19-602 - County Borrowing Authority
Section 19-603 - Authorized Use of Proceeds
Section 19-605 - Authorizing Resolution
Section 19-607 - Exemption From Specific Provisions
Section 19-608 - Valid and Binding Obligations
Section 19-609 - Tax Exemption
Section 19-610 - Exemptions and Terms