Md. Code, Housing and Community Development § 6-203

Md. Code, Housing and Community Development § 6-203
in effect
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A corporation, foundation, or other legal entity qualifies as a community development organization if: (1) its purpose is to improve the physical, economic, or social environment of the area where it operates; and (2) no part of its net earnings inures to the benefit of a private shareholder or individual holding an interest in that entity.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghs&section=6-203&enactments=falseFetched: 10/17/2026

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