Maryland § 5-404
Full text of Maryland Maryland Code § 5-404, with citation guidance and answers to common questions.
§ 5-404.
(a) The Authority shall:
(1) work to increase the utilization of the programs and funds established under the Authority to assist minority and women–owned businesses in the State; and
(2) consider incentives to encourage the use of the Authority’s credit insurance services.
(b) (1) Subject to paragraph (2) of this subsection, the Authority shall develop and implement a marketing plan to increase awareness of the Authority’s credit insurance services.
(2) The marketing plan implemented under paragraph (1) of this subsection shall identify methods to increase the utilization of the Authority’s credit insurance services by community banks and other financial institutions that make loans to historically disadvantaged businesses and businesses in rural areas of the State.
Frequently Asked Questions About Maryland § 5-404
What does Maryland Code § 5-404 cover?
Section 5-404 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 § 5-404?
A common citation format is "Maryland Code § 5-404" (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 § 5-404 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.