Maryland Code, FINANCIAL INSTITUTIONS 3-101

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.
state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See

(a) In this title the following words have the meanings indicated.

(b) “Capital stock” includes both common and preferred stock of a commercial bank.

(c) “Debt instrument” means any capital note, debenture, bond, or certificate of beneficial interest issued by a commercial bank.

(d) “Inhabitants” means the population of a municipal area, as determined by the latest federal or State census.

(e) “Nondepository trust company” means a trust company that is not insured by the Federal Deposit Insurance Corporation.

(f) “State bank” means an institution that is incorporated under the laws of this State as a bank.

(g) “Trust company” means an institution that is incorporated under the laws of this State as a trust company.