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Md. Code Ann., Econ. Dev. § 13-733

(a) The Bureau may establish a private, nonprofit corporation to assist the Bureau.

(b) Subject to the Corporations and Associations Article, the Bureau shall determine the powers and duties of the corporation.

(c) 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.

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