Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 1-201

  • 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.
  • Service of process: The service of writs or summonses to the appropriate party.
(a) The Department may not accept for record any charter document of a Maryland corporation which does not conform with law. However, any document which purports to be acknowledged may be treated by the Department as properly acknowledged.

(b) The Department may not accept for record or filing any charter document, qualification, registration, change of resident agent or principal office, report, service of process or notice, or other document until all required recording, filing, organization and capitalization, and other special fees have been paid to the Department.

(c) (1) The Department may accept documents that are filed for record by electronic transmission.

(2) Documents filed for record by electronic transmission are subject to the regular filing fees and expedited processing fees provided in § 1-203 of this subtitle.

(d) (1) On payment of the regular processing fee and, if applicable, expedited processing fee provided in § 1-203 of this subtitle, the Department may accept for preclearance any document or draft of any document listed in § 1-203(b)(1) or (4) of this subtitle.

(2) The Department may adopt regulations to administer the preclearance process.