Subject to the limitations of § 3–207 of this subtitle, the Trust may improve, sell, convey, assign, lease, or otherwise transfer or dispose of any property, or interest in property, it holds, and enter into any contract, easement, or other legal arrangement incident thereto, including but not limited to, the authority to lease properties for various commercial and residential uses consistent with the purposes of the Trust on terms and conditions the trustees deem appropriate. Any lease the trustees make shall be in immediate furtherance of the purposes of the Trust and not merely for investment purposes. Notwithstanding any provision of law to the contrary, a lease the Trust makes may not be subject to redemption at the option of the tenant, unless expressly provided.
Structure Maryland Statutes
Title 3 - Environmental Programs
Subtitle 2 - Maryland Environmental Trust
Section 3-201 - Established; Purpose; Perpetual Existence
Section 3-203 - Powers and Duties of Trustees Generally
Section 3-203.1 - Donation of Perpetual Conservation Easement
Section 3-204 - Chair and Other Officers; Meetings; Quorum; Advisory Council
Section 3-205 - Director and Other Employees
Section 3-208 - Selling, Conveying, Assigning, and Leasing Property; Contracts
Section 3-209 - Subcommittees Appointed by Political Subdivisions of State