Section 9-303 - Organization. - Maryland Statutes

§ 9-303. Organization.
 

(a)  Form of entity.- The Board shall determine the form of the independent legal entity constituting the Fund in accordance with the organizational documents of the Fund. 

(b)  Contributor's investment return.- In accordance with the organizational documents of the Fund, an entity contributing money to the Fund may be entitled to receive: 

(1) interests in the Fund in proportion to the entity's contribution, in an amount and in a form that the Board determines; and 

(2) a return on its contribution to the Fund based on: 

(i) the entity's share; and 

(ii) a fixed rate of return or the amount of any dividends, royalties, or other earnings of the Fund, or on another formula and in a form that the Board determines. 
 

[An. Code 1957, art. 83B, § 10-104(b); 2005, ch. 26, § 2.]