Maryland Code, BUSINESS REGULATION 17-101
Terms Used In Maryland Code, BUSINESS REGULATION 17-101
- including: means includes or including by way of illustration and not by way of limitation. See
- 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
- Personal property: All property that is not real property.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Goods” means tangible personal property, items of trade, merchandise, or other types of products sold at wholesale or retail.
(c) “License” means a license issued under this title.
(d) (1) “Sale” means the exchange or transfer, or the agreement to change or transfer, title or possession of goods in any manner for consideration.
(2) “Sale” includes barter.
(e) “Sell” includes barter.
(f) “Stock-in-trade” means:
(1) goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation; or
(2) except for alcoholic beverages, goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation for determining the valuation of a trader’s license under Subtitle 18 of this title.
(g) “Trader” means a person who operates a room or other place of business for selling goods, including goods sold at auction.
(h) “Trader’s license” means a license issued by the clerk to do business as a trader.