Maryland Code, FINANCIAL INSTITUTIONS 7-203
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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 7-203
- 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.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A person may not conduct business as a credit union share guaranty corporation unless the person has a certificate of authority issued by the Commissioner under this subtitle.
(b) A certificate of authority issued by the Commissioner under this subtitle is not transferrable.