Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-319
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-319
- 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.
The corporators of a religious corporation formed under this part continue to constitute the religious corporation until, according to the discipline and government of the Roman Catholic Church, their respective successors are appointed or elected to act as corporators.