Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-122
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-122
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) If all the stockholders of merging corporations are qualified to be stockholders of the surviving corporation, a professional corporation may merge with another domestic or foreign professional corporation or with a domestic or foreign business corporation.
(b) If the surviving corporation is to render professional services in this State, it must comply with the provisions of this subtitle.