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Md. Code Ann., Econ. Dev. § 5-418

Known as the Maryland Industrial Development Financing Authority Act

The act spans §§ 5-401 to 5-466 (53 sections).

A member of the Authority, a person executing a bond or agreement of the Authority under this subtitle, or an employee of the Authority, the Department, or the State is not:

(1) personally liable on a bond or agreement of the Authority; or

(2) subject to personal liability or accountability arising from the issuance, execution, or delivery of a bond or agreement of the Authority.

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