§ 8.3-201
§ 8.3-202
§ 8.3-203
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Terms Used In Maryland Code > LABOR AND EMPLOYMENT > Title 8.3 > Subtitle 2 - Scope of Title

  • 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.
  • 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.