Maryland Code, COMMERCIAL LAW 14-1601
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Terms Used In Maryland Code, COMMERCIAL LAW 14-1601
- 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.
(a) In this subtitle the following words have the meanings indicated.
(b) “Official rating” means an official rating of the Motion Picture Association of America.
(c) “Person” means an individual, corporation, partnership, or any other legal or commercial entity.
(d) “Video movie” means a videotape or video disc copy of a motion picture film.