Maryland Code, COMMERCIAL LAW 11-801
Terms Used In Maryland Code, COMMERCIAL LAW 11-801
- 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.
(b) “Consignee” means a commercial agent who is:
(1) Entrusted with the possession of goods or agricultural products, by or for the owner, to be sold for compensation in the ordinary course of the agent’s trade or business; and
(2) Generally known by those dealing with him to be substantially engaged in selling the goods or agricultural products of others.
(c) “Goods” includes wares or merchandise, but does not include agricultural products.
(d) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(e) “Possessory document” means a bill of lading, warehouse receipt, order for delivery of goods, or other document which evidences possession.