Maryland Code, BUSINESS REGULATION 1-304
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Terms Used In Maryland Code, BUSINESS REGULATION 1-304
- 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) This section does not apply to:
(1) a minute book of a corporation; or
(2) a record of a sale or other transaction that involves a weapon or poison that can be used in committing a crime.
(b) Unless a specific period is set by law for the preservation of a business record that is required by the laws of this State to be kept, the business record may be destroyed 3 years after it is made.