Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-127
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-127
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
The Department may revoke the certificate of authority of a foreign professional corporation authorized to transact business in the State if a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation certifies to the Department that the corporation has violated or is violating a provision of this subtitle and describes the violation.