Section 15-301 - Definitions. - Maryland Statutes

§ 15-301. Definitions.
 

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

(b)  Assignment.- "Assignment" includes any written stock power, bond power, bill of sale, deed, declaration of trust, or other instrument of transfer. 

(c)  Claims.- "Claims" includes a claim of any interest by a legatee of a decedent, distributee, heir, or creditor, a beneficiary under a trust, a ward, a beneficial owner of a security registered in the name of a nominee, or a minor owner of a security registered in the name of a custodian, or a claim of any similar interest, whether the claim is asserted by the claimant or by a fiduciary or by any other authorized person on his behalf, and includes a claim that the transfer would be in breach of fiduciary duties. 

(d)  Corporation.- "Corporation" means a private or public corporation, association or trust issuing a security. 

(e)  Fiduciary.- "Fiduciary" means an executor, administrator, trustee, guardian, committee, conservator, curator, tutor, custodian, or nominee. 

(f)  Person.- "Person" includes an individual, a corporation, government or governmental subdivision or agency, business trust, statutory trust, estate, trust, partnership or association, two or more persons having a joint or common interest, or any other legal or commercial entity. 

(g)  Security.- "Security" includes any share of stock, bond, debenture, note, or other security issued by a corporation which is registered as to ownership on the books of the corporation. 

(h)  Transfer.- "Transfer" means a change on the books of a corporation in the registered ownership of a security. 

(i)  Transfer agent.- "Transfer agent" means a person employed or authorized by a corporation to transfer securities issued by the corporation. 
 

[An. Code 1957, art. 37A, § 15; 1974, ch. 11, § 2; 2010, ch. 611, § 2.]