Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-338
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-338
- 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) (1) Each religious corporation subject to this part shall adopt bylaws to govern its corporate and temporal affairs.
(2) Bylaws may be adopted by a majority of the qualified voters voting at a regular or special congregational meeting called for that purpose.
(b) Each religious corporation subject to this part is subject at all times to the constitution and canons of the convention of the Protestant Episcopal Church in the Diocese of Easton and of the Protestant Episcopal Church in the United States of America.