Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-111
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-111
- 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.
- County: means a county of the State or Baltimore City. See
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(1) The name of each party to the articles;
(2) The name of the successor and the location of its principal office in this State or, if it has none, its principal place of business; and
(3) The time the articles are accepted for record by the Department.
(b) In addition to any other provision of law with respect to recording, the Department shall send one certificate each to the clerk of the circuit court for each county where the articles show that a merging corporation, partnership, limited partnership, limited liability company, or business trust other than the successor or a consolidating corporation owns an interest in land.
(c) On receipt of a certificate, a clerk promptly shall record it with the land records.