State Codes and Statutes

Statutes > Maryland > Economic-development > Title-12 > Subtitle-1 > 12-114

§ 12-114. Conclusive presumption of finding by public body.
 

A finding by the legislative body of a county or municipal corporation, the board of directors of an authority, or the Maryland Industrial Development Financing Authority as to the public purpose of an action taken under this subtitle, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of a bond, or security for a bond, issued under this subtitle. 
 

[An. Code 1957, art. 41, § 14-104(h); 2008, ch. 306, § 2.]   

State Codes and Statutes

Statutes > Maryland > Economic-development > Title-12 > Subtitle-1 > 12-114

§ 12-114. Conclusive presumption of finding by public body.
 

A finding by the legislative body of a county or municipal corporation, the board of directors of an authority, or the Maryland Industrial Development Financing Authority as to the public purpose of an action taken under this subtitle, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of a bond, or security for a bond, issued under this subtitle. 
 

[An. Code 1957, art. 41, § 14-104(h); 2008, ch. 306, § 2.]   


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Economic-development > Title-12 > Subtitle-1 > 12-114

§ 12-114. Conclusive presumption of finding by public body.
 

A finding by the legislative body of a county or municipal corporation, the board of directors of an authority, or the Maryland Industrial Development Financing Authority as to the public purpose of an action taken under this subtitle, and the appropriateness of that action to serve the public purpose, is conclusive in a proceeding involving the validity or enforceability of a bond, or security for a bond, issued under this subtitle. 
 

[An. Code 1957, art. 41, § 14-104(h); 2008, ch. 306, § 2.]