Section 9-308 - Owning or Obtaining Interests in Other Transportation Companies

(a) Subject to § 6-101(c) of this article, a Maryland railroad company may acquire, own, hold, pledge, sell, dispose of, endorse, guarantee, or assume the stocks, bonds, and other securities of: (1) a Maryland railroad company; (2) a railroad company of any other state; and (3) an inland, coast, or ocean transportation company. (b) A Maryland railroad company may own and operate a line of steamships or steamboats if they can be used wholly or partly, in connection with the business of the Maryland railroad company.