Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Maryland Code, ECONOMIC DEVELOPMENT 10-911

  • 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.
  • state: means :

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

    (2) the District of Columbia. See
The books and records of the Corporation are subject to audit:

(1) at any time by the State; and

(2) each year by an independent auditor.