Section 3-101 - Definitions. - Maryland Statutes

§ 3-101. Definitions.
 

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

(b)  Domestic business trust or business trust.- "Domestic business trust" or "business trust" means a business trust formed under the laws of the State. 

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

(d)  Domestic limited partnership.- "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. 

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

(f)  Foreign business trust.- "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. 

(g)  Foreign limited liability company.- "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. 

(h)  Foreign limited partnership.- "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. 

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

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

[An. Code 1957, art. 23, § 65; 1975, ch. 311, § 2; 1978, ch. 255; 1988, ch. 550; 1992, ch. 536; 1997, ch. 654, § 2; 1999, ch. 395; 2005, ch. 586; 2007, ch. 5, § 7; 2010, ch. 611, § 2.]