Maryland Code, TRANSPORTATION 15-403
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, TRANSPORTATION 15-403
- 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.
A license may not be issued under this subtitle to a partnership, corporation, or other entity. It only may be applied for by and issued to an individual.