Maryland Code, CORPORATIONS AND ASSOCIATIONS 4-102
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 4-102
- 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.
Notwithstanding any contrary provision of law, an individual who holds more than one office in a close corporation may act in more than one capacity to execute, acknowledge, or verify any instrument required to be executed, acknowledged, or verified by more than one officer.