Terms Used In Maryland Code, LOCAL GOVERNMENT 4-103

  • 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.
(a) The residents of a municipality are a municipal corporation.

(b) Under the municipality’s corporate name, the municipality:

(1) has perpetual succession;

(2) may sue and be sued; and

(3) may enact and adopt ordinances, resolutions, or bylaws necessary to exercise the authority of the municipality.