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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 10-102

  • 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.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
There is a State of Maryland Deposit Insurance Fund Corporation in the Maryland Department of Labor.