Maryland Code, COMMERCIAL LAW 11-201
Terms Used In Maryland Code, COMMERCIAL LAW 11-201
- 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.
- County: means a county of the State or Baltimore City. 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.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) “Attorney General” means the Attorney General of Maryland or his designee.
(c) “Commodity” means goods, wares, merchandise, machinery, supplies, or any other articles in trade or commerce.
(d) “County” includes Baltimore City.
(e) “Court” means the circuit court of a county.
(f) “Person” includes an individual, corporation, business trust, statutory trust, estate, trust, partnership, association, two or more persons having a joint or common interest, or any other legal or commercial entity.
(g) “Service” means any activity performed in whole or in part for the purpose of financial gain, and includes any sale, rental, leasing, or licensing for use.
(h) “Trade or commerce” includes all economic activity within the State which involves or relates to any commodity or service.