Maryland Code, CORPORATIONS AND ASSOCIATIONS 2-106
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 2-106
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) A corporation shall record its name with the Department as provided in Title 1, Subtitle 5 of this article.
(b) The Department may permit a foreign corporation that has a name prohibited by Title 1, Subtitle 5 of this article to register or qualify to do business in this State, if the foreign corporation agrees:
(1) To transact business in this State only under a disclosed assumed name that meets the requirements of Title 1, Subtitle 5 of this article; and
(2) To use the assumed name in all of its dealings with the Department and the conduct of its affairs in this State.