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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 11-418

  • 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
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
A person may not knowingly:

(1) Make an incorrect statement of material fact in any application, report, or other statement filed under this subtitle; or

(2) Fail to state any material fact that is necessary to give the Commissioner any information that the Commissioner requires under this subtitle.