Unannotated Code of Maryland (Last Updated: May 16, 2014) |
ECONOMIC DEVELOPMENT |
DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
SUBTITLE 8. FOREIGN TRADE ZONES |
§ 5-801. Definitions
Latest version.
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(a) In general. -- In this subtitle the following words have the meanings indicated.
** REVISOR'S NOTE
This subsection formerly was Art. 23, § 466(a).
** REVISOR'S NOTE
No changes are made.
(b) Private corporation. --
(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.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 23, § 466(b).
** REVISOR'S NOTE
The reference to a "Maryland" corporation is substituted for the former reference to a corporation "organized pursuant to this article" for brevity and accuracy.
(c) Public corporation. -- "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.
** REVISOR'S NOTE
This subsection is new language derived without substantive change from former Art. 23, § 466(c).
** REVISOR'S NOTE
In item (3)(ii) of this subsection, the reference to a "municipal corporation of the State" is substituted for the former reference to an "incorporated municipality" for consistency with the provisions of the Md. Constitution, Art. XI-E.
** REVISOR'S NOTE
In item (3)(i) and (iii) of this subsection, the former reference to the "State of Maryland" is deleted as implicit in the reference to the "State".
** DEFINED TERM:
"State" § 1-101