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Md. Code Ann., Econ. Dev. § 13-1206

The Partnership may:

(1) adopt a seal;

(2) sue or be sued;

(3) adopt bylaws and rules for the conduct of its business;

(4) enter into contracts and other legal instruments;

(5) accept grants, contributions, or other assistance of any kind from the federal government, the State, a local government, a college or university, or other public or private source;

(6) include in any contract for financial assistance with the federal government any reasonable and appropriate condition imposed under federal law that is not inconsistent with the purposes of this subtitle;

(7) make grants from the Fund to further the purposes of this subtitle;

(8) create, own, control, or be a member of a corporation, limited liability company, partnership, or any other entity; and

(9) do all things necessary or convenient to carry out the purposes of this subtitle.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.