§ 9-308. Owning or obtaining interests in other transportation companies

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   (a) Railroad companies and inland, coast, or ocean transportation companies. -- Subject to § 6-101(c) of this article, a Maryland railroad company may acquire, own, hold, pledge, sell, dispose of, endorse, guarantee, or assume the stocks, bonds, and other securities of:

   (1) a Maryland railroad company;

   (2) a railroad company of any other state; and

   (3) an inland, coast, or ocean transportation company.

(b) Steamship companies. -- A Maryland railroad company may own and operate a line of steamships or steamboats if they can be used wholly or partly, in connection with the business of the Maryland railroad company.

HISTORY: An. Code 1957, art. 23, § 226, 236; 1998, ch. 8, § 2.

                    
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