Maryland Code, HEALTH OCCUPATIONS 7-401
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Terms Used In Maryland Code, HEALTH OCCUPATIONS 7-401
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) Two or more licensed morticians or funeral directors may practice mortuary science as a partnership.
(b) A partnership shall be conducted under the names of all the partners.
(c) Before practicing as a partnership, the licensees shall:
(1) Notify the Board that they will be practicing as a partnership; and
(2) Submit to the Board the name and address of each partner.