Section 10-524 - Liability of corporation. - Maryland Statutes

§ 10-524. Liability of corporation.
 

(a)  State not liable.- A debt, claim, obligation, or liability of the Corporation, whenever incurred, is the debt, claim, obligation, or liability of the Corporation only and not of the State, a unit or instrumentality of the State, or a State officer or employee. 

(b)  Not a pledge of State credit.- A debt, claim, obligation, or liability of the Corporation may not be considered a debt of the State or a pledge of its credit. 
 

[An. Code 1957, art. 41, § 13-514; 2008, ch. 306, § 2.]