Maryland Code > ESTATES AND TRUSTS > Title 4 > Subtitle 3 – Legatees
Current as of: 2023 | Check for updates
|
Other versions
| § 4-301 | Who may be a legatee |
Terms Used In Maryland Code > ESTATES AND TRUSTS > Title 4 > Subtitle 3 - Legatees
- 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.
- Legatee: A beneficiary of a decedent
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.