Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-301
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-301
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- 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.
- Docket: A log containing brief entries of court proceedings.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
(b) If a charter document is required to be filed with the Department to carry out a transaction under subsection (a) of this section, it shall state:
(1) That the transaction was carried out under a plan of reorganization pursuant to a final order of a court having jurisdiction;
(2) The name of the court and the caption and docket number of the proceedings; and
(3) That the transaction was approved by the board of directors, trustee, or receiver, as the case may be.
(c) If the action is taken by a trustee or receiver, he may sign and acknowledge the charter document for the corporation, and no other execution, acknowledgment, or affidavit on behalf of the corporation is required.