Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-101
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-101
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Domestic business trust” or “business trust” means a business trust formed under the laws of the State.
(c) “Domestic limited liability company” or “limited liability company” means a limited liability company formed under the laws of the State.
(d) “Domestic limited partnership” or “limited partnership” means a partnership formed by 2 or more persons under the laws of the State and having one or more general partners and one or more limited partners.
(e) “Domestic partnership” or “partnership” means a partnership formed under the laws of the State.
(f) “Foreign business trust” means a business trust organized under the laws of the United States, another state of the United States, or a territory, possession, or district of the United States, or under the laws of a foreign country.
(g) “Foreign limited liability company” means a limited liability company formed under the laws of any state, other than the State of Maryland, or under the laws of a foreign country.
(h) “Foreign limited partnership” means a partnership formed under the laws of any state other than the State of Maryland or under the laws of a foreign country and having as partners one or more general partners and one or more limited partners.
(i) “Foreign partnership” means a partnership formed under the laws of any state, other than this State, or under the laws of a foreign country.
(j) “Interest in land” means any interest in real property, the title to which could be affected by recording an instrument in the land records.