Maryland Code, COMMERCIAL LAW 14-1001
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, COMMERCIAL LAW 14-1001
- 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.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) In this subtitle the following words have the meanings indicated.
(b) “Automotive repair facility” means any person who diagnoses or corrects malfunctions of a motor vehicle for financial profit.
(c) “Motor vehicle” has the meaning stated in Title 11 of the Transportation Article.
(d) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.