State Codes and Statutes
Statutes > Maryland > Economic-development > Title-12 > Subtitle-4 > 12-401§ 12-401. Definitions.
(a) In general.- In this subtitle the following words have the meanings indicated.
(b) Board.- "Board" means the board of directors of a district corporation.
(c) Commercial tenant.- "Commercial tenant" means a lessee or other lawful occupant, other than the owner, of nonexempt property within a district.
(d) District.- "District" means a business improvement district established under this subtitle.
(e) District corporation.- "District corporation" means a business improvement district corporation formed in accordance with this subtitle.
(f) Members of the district.- "Members of the district" means owners of nonexempt property in the district.
(g) Nonexempt property.- "Nonexempt property" means nonresidential real property that is not exempt from paying real property taxes.
[2010, ch. 461]
