Maryland Corporations and Associations Section 3-101

Article - Corporations and Associations

§ 3-101.

      (a)      In this subtitle the following words have the meanings indicated.

      (b)      "Interest in land" means any interest in real property, the title to which could be affected by recording an instrument in the land records.

      (c)      "Business trust" means an unincorporated trust or association, including a common-law trust, Massachusetts trust, or Maryland real estate investment trust as defined in § 8-101(b) of this article, which is engaged in business and in which property is acquired, held, managed, administered, controlled, invested, or disposed of by trustees for the benefit and profit of any person who may become a holder of a transferable unit of beneficial interest in the trust.

      (d)      "Foreign business trust" means a business trust organized under the laws of the United States, another state of the United States, or a territory, possession, or district of the United States, or under the laws of a foreign country.

      (e)      "Domestic limited partnership" or "limited partnership" means a partnership formed by 2 or more persons under the laws of the State and having one or more general partners and one or more limited partners.

      (f)      "Foreign limited partnership" means a partnership formed under the laws of any state other than the State of Maryland or under the laws of a foreign country and having as partners one or more general partners and one or more limited partners.

      (g)      "Domestic limited liability company" or "limited liability company" means a limited liability company formed under the laws of the State.

      (h)      "Foreign limited liability company" means a limited liability company formed under the laws of any state, other than the State of Maryland, or under the laws of a foreign country.

      (i)      "Domestic partnership" or "partnership" means a partnership formed under the laws of the State.

      (j)      "Foreign partnership" means a partnership formed under the laws of any state, other than this State, or under the laws of a foreign country.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.