Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-506
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 14-506
- 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.
(1) an associate, agent, employee, or other subordinate of a professional engineer; or
(2) a principal, associate, agent, employee, or other subordinate of a corporation or partnership that provides engineering services.
(b) The prohibition set forth under subsection (a) of this section does not apply to an individual while practicing engineering:
(1) as an officer or employee of the federal government, as provided under § 14-301(b)(1) of this title;
(2) as an employee of a regulated utility company, as provided under § 14-301(b)(2) of this title; or
(3) as an officer or employee of a corporation, subject to the conditions provided under § 14-302 of this title.