{"data":{"id":"us-md/md.-code-economic-development-10-435","jurisdiction":"us-md","citation":"Md. Code, Economic Development § 10–435","heading":"","body":"(a) A grant or loan awarded under this part is contingent on the recipient:\n(1) submitting to the Commission approval from an institutional review board; and\n(2) entering into a memorandum of understanding with the Corporation that:\n(i) establishes the scope of the State’s ownership or other financial interest in the commercialization and other benefits of the results, products, inventions, and discoveries of State-funded stem cell research; and\n(ii) to the extent consistent with federal and State law, reflects the intellectual property policies of the institution.\n(b) A recipient shall submit the approval required under subsection (a)(1) of this section within 6 months after the award of the grant or loan.\n(c) The Corporation may not disburse grant or loan money to a recipient until:\n(1) the recipient has obtained the approval required under subsection (a)(1) of this section; and\n(2) the recipient and the Corporation have entered into the memorandum of understanding required under subsection (a)(2) of this section.","path":["Article - Economic Development"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gec\u0026section=10-435","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:28Z","sha256":"590e06f42683e2412a7809923b139be445520572a51a08d344e994118055063d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-economic-development-10-434","next":"us-md/md.-code-economic-development-10-436"},"notice":"GroundRules: Original legal text. Not legal advice."}