Maryland Code > FINANCIAL INSTITUTIONS > Title 4 > Subtitle 1 – Definitions
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§ 4-101 | Definitions |
Terms Used In Maryland Code > FINANCIAL INSTITUTIONS > Title 4 > Subtitle 1 - Definitions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- County: means a county of the State or Baltimore City. See
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See