Maryland § 24-309
Full text of Maryland Maryland Code § 24-309, with citation guidance and answers to common questions.
§ 24-309.
(a) The Company is not and may not be deemed to be a department, unit, agency, or instrumentality of the State for any purpose.
(b) Employees of the Company are not:
(1) employees of the State; or
(2) members of the State Retirement and Pension System.
(c) All debts, claims, obligations, and liabilities of the Company, whenever incurred, shall be the debts, claims, obligations, and liabilities of the Company only and not of the State or the State’s departments, units, agencies, instrumentalities, officers, or employees.
(d) (1) Money of the Company is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Company.
(3) The debts, claims, obligations, and liabilities of the Company are not a debt of the State or a pledge of the credit of the State.
Frequently Asked Questions About Maryland § 24-309
What does Maryland Code § 24-309 cover?
Section 24-309 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 § 24-309?
A common citation format is "Maryland Code § 24-309" (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 § 24-309 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.