Maryland Code > ECONOMIC DEVELOPMENT > Division II > Title 14 – Miscellaneous Provisions
Current as of: 2023 | Check for updates
|
Other versions
| Subtitle 1 | Broadened Ownership Act | 14-101 – 14-104 |
| Subtitle 3 | Unmanned Aircraft Systems | 14-301 – 14-302 |
Terms Used In Maryland Code > ECONOMIC DEVELOPMENT > Division II > Title 14 - Miscellaneous Provisions
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Fiduciary: A trustee, executor, or administrator.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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.
- Statute: A law passed by a legislature.