Maryland Code, COMMERCIAL LAW 14-2801
Terms Used In Maryland Code, COMMERCIAL LAW 14-2801
- 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.
(b) “Blind” means that an individual’s visual acuity:
(1) Does not exceed 20/200 in the better eye with correcting lenses; or
(2) Exceeds 20/200 but with a field of vision that at the widest diameter subtends an angle not greater than 20 degrees.
(c) (1) “Direct labor hours” includes all hours spent in the manufacture and assembly of a product made by blind individuals.
(2) “Direct labor hours” do not include time spent in the administration, supervision, shipping, and inspection of a product made by blind individuals.
(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.
(e) “Product made by the blind” means a product if not less than 75% of the total personnel engaged in the direct labor hours in the manufacture and assembly of the product are blind workers.