Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 8 > Subtitle 3 – Powers
Current as of: 2023 | Check for updates
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Other versions
| § 8-301 | Powers |
| § 8-303 | Voting trust |
Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 8 > Subtitle 3 - Powers
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- County: means a county of the State or Baltimore City. See
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Personal property: All property that is not real property.
- Trustee: A person or institution holding and administering property in trust.