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Session Laws, 2007
Volume 803, Page 561   View pdf image
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Martin O'Malley, Governor
Ch.3
EMPLOYEES OF THE CORPORATION ARE ENTITLED TO SALARIES AS PROVIDED
IN THE BUDGET OF THE CORPORATION. (C) STATUS. EMPLOYEES OF THE CORPORATION ARE NOT EMPLOYEES OF THE STATE. REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 10, § 45F(b). In subsection (a) of this section, the reference to a "personnel" action is
substituted for the former incorrect reference to a "personal" action. In subsection (b) of this section, the reference to the budget "of the
Corporation" is added for clarity and consistency with § 11-203 of this
subtitle. Defined term: "Corporation" § 11-101
11-205. GENERAL POWERS. TO THE EXTENT CONSISTENT WITH THIS TITLE, THE CORPORATION SHALL
EXERCISE THE POWERS GRANTED TO A NONSTOCK CORPORATION UNDER TITLE 5,
SUBTITLE 2 OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE. REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 10, § 45G(a). The reference to "Title 5, Subtitle 2 of the Corporations and Associations
Article" is substituted for the former reference to "the Corporations and
Associations Article, § 5-201 et seq. of the Code" for clarity. Defined term: "Corporation" § 11-101
11-206. INDEMNIFICATION. THE CORPORATION SHALL INDEMNIFY THE MEMBERS OF THE BOARD AND THE
OFFICERS, AGENTS, AND EMPLOYEES OF THE CORPORATION TO THE EXTENT
AUTHORIZED UNDER THE MARYLAND GENERAL CORPORATION LAW. REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 10, § 45G(h). The reference to the officers, agents, and employees "of the Corporation" is
substituted for the former reference to "its" officers, agents, and employees
for clarity. The former word "maximum" is deleted as surplusage. Defined terms: "Board" § 11-101
"Corporation" § 11-101 11-207. ANNUAL REPORT.
(A) REQUIRED.
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Session Laws, 2007
Volume 803, Page 561   View pdf image
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