Terms Used In Maryland Code, COMMERCIAL LAW 14-601

  • 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) “Package” includes a box, cover, or wrapper.

(c) “Person” means 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.

(d) “Sell” includes offer to sell.

(e) “Stamped” includes branded, engraved, or imprinted.

(f) “Tag” includes a card or label.