§ 4-301 Who may be a legatee
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Terms Used In Maryland Code > ESTATES AND TRUSTS > Title 4 > Subtitle 3 - Legatees

  • 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.
  • Legatee: A beneficiary of a decedent
  • 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.