Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-124
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-124
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
(3) The Department or licensing unit certifies to the Attorney General:
(i) A description of the violation;
(ii) That it notified the corporation of the violation; and
(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.