Maryland Code, STATE FINANCE AND PROCUREMENT 2-604
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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 2-604
- 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
(a) Whenever a certificate of stock that the State owns and holds has been lost or misplaced, the Treasurer, at the direction of the Board of Public Works, may obtain a duplicate certificate.
(b) The State shall indemnify the corporation that issues the duplicate certificate.