State Codes and Statutes
Statutes > Maryland > Economic-development > Title-13 > Subtitle-7 > 13-733§ 13-733. Corporation.
(a) In general.- The Bureau may establish a private, not-for-profit corporation to assist the Bureau.
(b) Powers and duties.- Subject to the Corporations and Associations Article, the Bureau shall determine the powers and duties of the corporation.
(c) Board of Directors.- The Bureau may:
(1) set the number of members of the Board of Directors of the corporation;
(2) set a procedure to elect and remove directors;
(3) set the compensation of a director; and
(4) require the corporation to report periodically to the Bureau on its activities.
[An. Code 1957, art. 20A, § 4-103(i); 2008, ch. 306, § 2.]
