Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-301.1
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-301.1
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
Except as otherwise provided in this subtitle or in any other provision of law, this part applies to every religious corporation formed in this State by any church.