Maryland Code > LOCAL GOVERNMENT > Division IV > Title 20 > Subtitle 1 > Part V – Limitations
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Terms Used In Maryland Code > LOCAL GOVERNMENT > Division IV > Title 20 > Subtitle 1 > Part V - Limitations
- 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
- 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.
- 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
- Trustee: A person or institution holding and administering property in trust.