Maryland Code, CORPORATIONS AND ASSOCIATIONS 1-503
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 1-503
- 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.
(1) Articles of incorporation, if the entity is a corporation;
(2) Articles of organization, if the entity is a limited liability company;
(3) Certificate of limited liability partnership, if the entity is a limited liability partnership;
(4) Certificate of limited partnership, if the entity is a limited partnership; or
(5) Articles of incorporation, if the entity is a professional corporation.
(b) The name of a limited partnership may not contain the name of a limited partner unless:
(1) It is also the name of a general partner; or
(2) The business of the limited partnership had been carried on under the name before the admission of that limited partner.
(c) Except for words specified in § 1-502(f) of this subtitle, the name of a professional corporation may not use any other word, abbreviation, affix, or prefix that indicates it is a corporation.