Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-403
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-403
- 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) (1) A corporation, partnership, or limited liability company shall designate a Maryland professional engineer in good standing to be the managing agent for the entity.
(2) The managing agent shall be:
(i) in a position to act on behalf of the corporation, partnership, or limited liability company in matters related to the practice of or the offering of the practice of engineering; and
(ii) an employee, an owner, a director, an officer, a member, or a partner, as applicable, of the entity seeking a permit.
(c) A licensee may not be designated as a managing agent for more than one corporation, partnership, or limited liability company that provides or offers to provide engineering services, except if the other entity is an affiliate of a permit holder.