Maryland Code, REAL PROPERTY 3-701
Terms Used In Maryland Code, REAL PROPERTY 3-701
- 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.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Personal representative: includes an administrator and an executor. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Trustee: A person or institution holding and administering property in trust.
(b) “Document” means information that is:
(1) Inscribed on a tangible medium or stored in an electronic or other medium and retrievable in perceivable form; and
(2) Eligible to be recorded in the land records maintained by the clerk of a circuit court.
(c) “Electronic” means relating to technology having electrical, digital, magnetic, optical, electromagnetic, or similar capabilities.
(d) “Electronic document” means a document that is received by the clerk of a circuit court in electronic form.
(e) “Electronic signature” means an electronic sound, symbol, or process attached to or logically associated with a document and executed or adopted by a person with the intent to sign the document.
(f) “Person” means an individual, a corporation, a statutory trust, a personal representative of an estate, a trustee, a partnership, a limited liability company, an association, a joint venture, a public corporation, a government, a governmental subdivision, an agency, an instrumentality, or any other legal or commercial entity.
(g) “State” means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States.