There is a newer version of the Maryland Code
2013 Maryland Code
HOUSING AND COMMUNITY DEVELOPMENT
§ 6-203 - Community development organization
MD House & Comm Dev Code § 6-203 (2013) What's This?
§6-203.
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.
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