Maryland § 10-707
Full text of Maryland Maryland Code § 10-707, with citation guidance and answers to common questions.
§ 10-707.
(a) The Trust may:
(1) solicit and accept for investment in the Trust money from any source including not more than $2,000,000 in appropriations from the State;
(2) enter into agreements with the investors that set forth the terms governing the investment of money in the Trust by the investors;
(3) by preparing and publishing requests for proposals, solicit offerings by venture capitalists and venture capital funds that meet the purposes and requirements of the Trust, which shall be set forth in the requests for proposals;
(4) subject to § 10-708 of this subtitle, select the venture capital funds in which to invest money from the Trust;
(5) retain investment earnings that exceed the investment earnings that the Trust must pay to investors; and
(6) take any action necessary to carry out the powers expressly granted by this subtitle.
(b) (1) The Trust may not accept a cumulative investment of more than $15,000,000 from the State Retirement and Pension System.
(2) The Trust may not accept a cumulative investment of more than $5,000,000 from any other single investor.
Frequently Asked Questions About Maryland § 10-707
What does Maryland Code § 10-707 cover?
Section 10-707 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-707?
A common citation format is "Maryland Code § 10-707" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-707 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.