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Terms Used In Maryland Code, FINANCIAL INSTITUTIONS 13-1001

  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • state: means :

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

    (2) the District of Columbia. See
(a) In this subtitle the following words have the meanings indicated.

(b) “Authority” means the Canal Place Preservation and Development Authority.

(c) “Bonds” means taxable or tax-exempt bonds, including refunding bonds, bond anticipation notes, notes in the nature of commercial paper, certificates, or any other evidence of obligation issued by the Authority.

(d) “Fund” means the Canal Place Preservation and Development Authority Financing Fund established under § 13-1017 of this subtitle.

(e) “Heritage Area” means the Canal Place Heritage Area, initially known as the Canal Place Historic Preservation District, the boundaries of which are described:

(1) In the addendum of January 1993, entitled “The Canal Place Historic Preservation District”, to the report of May 1992 of the Maryland State Highway Administration entitled “The Canal Parkway Development – Station Square Project”; and

(2) In any revisions that are:

(i) Made by the Authority under § 13-1008(8) or (10) of this subtitle; and

(ii) Approved by the Maryland Heritage Areas Authority in accordance with § 13-1111 of this title.

(f) “Local jurisdiction” means:

(1) Any of the 23 counties of the State;

(2) The City of Baltimore; or

(3) Any municipal corporation subject to the provisions of Article XI-E of the Maryland Constitution.

(g) “Maryland Heritage Areas Authority” means the Maryland Heritage Areas Authority created under Subtitle 11 of this title.

(h) “Park corridor” means the land area within the Heritage Area the boundaries of which are described:

(1) In the report of May 1992 of the Maryland State Highway Administration entitled “The Canal Parkway Development – Station Square Project”; and

(2) In any revision that the Authority makes under § 13-1008(8) of this subtitle to the report of May 1992 of the Maryland State Highway Administration entitled “The Canal Parkway Development – Station Square Project”.