Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 3 > Subtitle 6 – Special Voting Requirements
Current as of: 2023 | Check for updates
|
Other versions
§ 3-601 | Definitions |
§ 3-602 | Business combinations – In general |
§ 3-603 | Business combinations – Exemptions |
§ 3-604 | Application of subtitle |
§ 3-605 | Short title |
Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 3 > Subtitle 6 - Special Voting Requirements
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Fiduciary: A trustee, executor, or administrator.
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Trustee: A person or institution holding and administering property in trust.