Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-114.1
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-114.1
- 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.
On consummation of a share exchange, the stockholders of the corporation the stock of which is to be acquired are deemed to have exchanged their stock as provided by the articles, without further act, subject to the rights of an objecting stockholder under Subtitle 2 of this title.