Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 2-414
Terms Used In Maryland Code, BUSINESS OCCUPATIONS AND PROFESSIONS 2-414
- 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(1) any permit that has been revoked; or
(2) before fulfillment of the conditions of the suspension, any permit that has been suspended.
(b) A permit may be reinstated under this section only if:
(1) the partnership, limited liability company, or corporation whose permit has been revoked or suspended submits a written request to the Board;
(2) the Board holds a hearing on the request;
(3) the Board, by an affirmative vote of a majority of its members, votes to reinstate the permit; and
(4) the partnership, limited liability company, or corporation pays to the Board a reinstatement fee set by the Board.