Maryland Code, CORPORATIONS AND ASSOCIATIONS 2-510.1
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 2-510.1
- 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.
Two or more stockholders of a corporation may enter into a written agreement that specifies that, in exercising any voting rights, the stock held by the parties to the agreement shall be voted:
(1) As provided in the agreement;
(2) As the parties may agree; or
(3) Based on a procedure set forth in the agreement.