Maryland Financial Institutions Section 13-710

Article - Financial Institutions

§ 13-710.

      Subject to the prior approval of the Board of Public Works, which approval, if necessary, shall be renewable on an annual basis, the Authority may:

            (1)      Hold an ownership interest in, and operate, a professional football or major league professional baseball team or team franchise on a temporary basis, not to exceed 2 years, during a transition of the team or team franchise to private ownership; and

            (2)      Continue only to hold an ownership interest in a professional football or major league professional baseball team beyond the 2-year period.



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