(a) In this subtitle the following words have the meanings indicated.
(b) (1) “Private corporation” means a Maryland corporation organized to establish, operate, and maintain a foreign trade zone under the federal Foreign Trade Zones Act.
(2) “Private corporation” does not include a public corporation.
(c) “Public corporation” means:
(1) the State;
(2) a subdivision of the State; or
(3) an incorporated public authority, commission, agency, or other corporate instrumentality of:
(i) the State;
(ii) a subdivision or municipal corporation of the State; or
(iii) the State and another state.