Maryland Code, TRANSPORTATION 15-306
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, TRANSPORTATION 15-306
- 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.
- 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.
In addition to the information required under Subtitle 1 of this title, each application for a license shall include:
(1) The type of dealership applied for;
(2) If the application is made for a partnership, the name and address of each partner applying for the partnership;
(3) If the application is made for a corporation or for a partnership by a corporate partner, the name and address of each of the officers applying for the corporation or partnership;
(4) If the application is made for a corporation, the place of its incorporation; and
(5) The nature of the business to be conducted at each address.