Maryland Code, BUSINESS REGULATION 5-403
Current as of: 2023 | Check for updates
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Terms Used In Maryland Code, BUSINESS REGULATION 5-403
- 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.
To qualify for a permit, a corporation, limited liability company, or partnership shall:
(1) designate a separate registered cemeterian, registered crematory operator, or registered seller as the responsible party for the operations of each affiliated cemetery, crematory, or burial goods business;
(2) provide the name and business address of each affiliated cemetery, crematory, or burial goods business;
(3) provide a list of the officers, directors, members, partners, agents, and employees of the entity applying for the permit; and
(4) comply with §§ 5-303(b)(4) and 5-304 of this title.