Maryland Code, CORPORATIONS AND ASSOCIATIONS 4A-703
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 4A-703
- 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.
- 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.
(1) Contain the provisions required by § 3-109 of this article and other provisions permitted by that section;
(2) Be executed:
(i) In the case of a limited liability company, in the manner required by § 4A-206 of this title;
(ii) In the case of a corporation or business trust, in the manner required by Title 1 of this article;
(iii) In the case of a limited partnership, in the manner required by Title 10 of this article; and
(iv) In the case of a partnership, in the manner required by Title 9A of this article; and
(3) Be filed for record with the Department.