Maryland Courts and Judicial Proceedings Section 5-521

Article - Courts and Judicial Proceedings

§ 5-521.

      (a)      (1)      In this section the following words have the meanings indicated.

            (2)      "Department" means the Department of Business and Economic Development.

            (3)      "Eligible business" has the meaning stated in Article 83A, § 5-927 of the Code.

            (4)      "Lender" has the meaning stated in Article 83A, § 5-927 of the Code.

      (b)      The Department and the State are not liable to any lender for payment of the principal or interest on a loan to an eligible business in accordance with Article 83A, § 5-927 of the Code.



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