Maryland Code, CORPORATIONS AND ASSOCIATIONS 4-101
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 4-101
- 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.
(a) In this title the following words have the meanings indicated.
(b) “Close corporation” means a corporation which elects to be a close corporation in accordance with § 4-201 of this title.
(c) “Unanimous stockholders’ agreement” means an agreement to which every stockholder of a close corporation actually has assented and which is contained in its charter or bylaws or in a written instrument signed by all the stockholders.