Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-324
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-324
- 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) The trustees of a Methodist Church, whether or not it is incorporated, shall be elected by its charge conference in accordance with the discipline of the United Methodist Church, as authorized and declared by the general conference of that church.
(b) As to a religious corporation subject to this part, the trustees of the church shall be the directors of the religious corporation.