Maryland Code, BUSINESS REGULATION 1-502
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, BUSINESS REGULATION 1-502
- 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.
- including: means includes or including by way of illustration and not by way of limitation. See
- 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.
(a) In this subtitle the following words have the meanings indicated.
(b) “Currency” means currency and coin of the United States or any other country.
(c) “Department” means the Maryland Department of Labor.
(d) “Person engaged in a trade or business” means an individual, partnership, limited liability company, firm, trust, estate, association, corporation, or other entity:
(1) engaged in vehicle sales, including motor vehicle, airplane, and boat sales;
(2) that conducts real estate closings and settlements; or
(3) engaged in the sale or pledging of jewelry.
(e) “Secretary” means the Secretary of Labor.