Maryland Code, BUSINESS REGULATION 1-101
Terms Used In Maryland Code, BUSINESS REGULATION 1-101
- 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.
- County: means a county of the State or Baltimore City. See
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- 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.
- 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.
- Personal representative: includes an administrator and an executor. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
(b) “Clerk” means the clerk of the circuit court for the county with appropriate jurisdiction.
(c) “Comptroller” means the Comptroller of the State.
(d) “Consumer member” means a nonprofessional member of a regulatory unit who is appointed from the general public.
(e) “County” means a county of the State or Baltimore City.
(f) “Department” means the Maryland Department of Labor.
(g) “Person” means an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, partnership, firm, association, corporation, or other entity.
(h) “Secretary” means the Secretary of Labor.
(i) “State” means:
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia.