§ 151305. Powers

• (a) The corporation may—
  • (1) adopt a constitution and bylaws;
  • (2) adopt a seal which shall be judicially noticed; and
  • (3) do any other act necessary to carry out this chapter.
• (b) To carry out its purposes, the corporation has the usual powers of a corporation acting as a trustee in Maryland, including the power—
  • (1) to accept, receive, solicit, hold, administer, and use any gift, devise, or bequest, either absolutely or in trust, of property or any income from or other interest in the property;
  • (2) unless otherwise required by the instrument of transfer, to sell, donate, lease, invest, or otherwise dispose of any property or income from the property;
  • (3) to make contracts and other arrangements with public agencies and private organizations and persons and to make payments necessary to carry out its functions;
  • (4) to sue and be sued; and
  • (5) to do any other act necessary and proper to carry out the purposes of the corporation.