Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-336
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-336
- 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.
This part does not diminish or impair in any way the corporate existence or the rights, powers, and privileges of any religious corporation that was incorporated before July 1, 1973, under Chapter 24, Acts of 1798, or by special act of the General Assembly.