Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 2 > Subtitle 2 – Issuance of Securities
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Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 2 > Subtitle 2 - Issuance of Securities
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- de novo: means judicial review based on an administrative record and any additional evidence that would be authorized by § 10-222(f) and (g) of the State Government Article. See
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Executive session: A portion of the Senate's daily session in which it considers executive business.
- Fraud: Intentional deception resulting in injury to another.
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- Voice vote: A vote in which the Presiding Officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of legisators voting on each side are not recorded.