Maryland Code, AGRICULTURE 4-223
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Terms Used In Maryland Code, AGRICULTURE 4-223
- 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.
- 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
Unless otherwise provided, when construing or enforcing any provision of this subtitle, every act, omission, or failure of any person acting for or employed by another person shall be deemed the act, omission, or failure of the individual, partnership, corporation, association, or other business unit as well as of the person committing the act.