Maryland Code, LAND USE 9-2103
Terms Used In Maryland Code, LAND USE 9-2103
- 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.
- County: means a county of the State or Baltimore City. See
- 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.
(1) if the applicant is a corporation, the names and residences of the officers, directors, and all stockholders owning more than 20% of the capital stock of the corporation;
(2) if the applicant is a general or limited partnership, the names and residences of all partners who own more than 20% of the interest of the partnership;
(3) if the applicant is an individual, the applicant’s name and residence; or
(4) if the applicant is a joint venture, unincorporated association, real estate investment trust, or other business trust or statutory trust, the names and residences of all persons holding an interest of more than 20% in the joint venture, unincorporated association, real estate investment trust, or other business trust or statutory trust.