State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-9a > Subtitle-1 > 101

§ 9A-101. Definitions.
 

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

(b)  Business.- "Business" includes every trade, occupation, and profession. 

(c)  Debtor in bankruptcy.- "Debtor in bankruptcy" means a person who is the subject of: 

(1) An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or 

(2) A comparable order under federal, State, or foreign law governing insolvency. 

(d)  Distribution.- "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. 

(e)  Foreign limited liability partnership.- "Foreign limited liability partnership" means a partnership that is formed in accordance with an agreement governed by the laws of a state other than this State and registered or denominated as a limited liability partnership or registered limited liability partnership under the laws of such other state, but does not include a foreign limited partnership registered or denominated as a limited liability limited partnership under the laws of a state other than this State. 

(f)  Foreign limited partnership.- "Foreign limited partnership" means a partnership, including a foreign limited partnership registered or denominated as a limited liability partnership under the laws of a state other than this State, formed under the laws of any state other than this State or under the laws of a foreign country and having as partners one or more general partners and one or more limited partners. 

(g)  Limited liability partnership.- "Limited liability partnership" means a partnership that: 

(1) Is formed in accordance with the laws of this State; and 

(2) Is registered under § 9A-1001 of this title. 

(h)  Limited partnership.- "Limited partnership" and "domestic limited partnership" means a limited partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners. 

(i)  Partnership.- "Partnership" means an association of two or more persons to carry on as co-owners a business for profit formed under § 9A-202 of this title, predecessor law, or comparable law of another jurisdiction and includes, for all purposes of the laws of this State, a limited liability partnership and a foreign limited liability partnership. 

(j)  Partnership agreement.- "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. 

(k)  Partnership at will.- "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. 

(l)  Partnership interest.- "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights. 

(m)  Property.- "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein. 

(n)  Real estate investment trust.- "Real estate investment trust" means a Maryland real estate investment trust as defined in § 8-101 of this article. 

(o)  State.- "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. 

(p)  Statement.- "Statement" means a statement of partnership authority under § 9A-303 of this title, a statement of denial under § 9A-304 of this title, a statement of dissociation under § 9A-704 of this title, a statement of dissolution under § 9A-805 of this title, or an amendment or cancellation of any of the foregoing. 

(q)  Statutory trust.- "Statutory trust" means a Maryland statutory trust as defined in § 12-101 of this article. 

(r)  Transfer.- "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance. 
 

[1997, ch. 654, § 2; 1998, ch. 21, § 3; ch. 743, §§ 1, 3; 2007, ch. 5, § 7; 2010, ch. 611, § 2.] 
 

State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-9a > Subtitle-1 > 101

§ 9A-101. Definitions.
 

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

(b)  Business.- "Business" includes every trade, occupation, and profession. 

(c)  Debtor in bankruptcy.- "Debtor in bankruptcy" means a person who is the subject of: 

(1) An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or 

(2) A comparable order under federal, State, or foreign law governing insolvency. 

(d)  Distribution.- "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. 

(e)  Foreign limited liability partnership.- "Foreign limited liability partnership" means a partnership that is formed in accordance with an agreement governed by the laws of a state other than this State and registered or denominated as a limited liability partnership or registered limited liability partnership under the laws of such other state, but does not include a foreign limited partnership registered or denominated as a limited liability limited partnership under the laws of a state other than this State. 

(f)  Foreign limited partnership.- "Foreign limited partnership" means a partnership, including a foreign limited partnership registered or denominated as a limited liability partnership under the laws of a state other than this State, formed under the laws of any state other than this State or under the laws of a foreign country and having as partners one or more general partners and one or more limited partners. 

(g)  Limited liability partnership.- "Limited liability partnership" means a partnership that: 

(1) Is formed in accordance with the laws of this State; and 

(2) Is registered under § 9A-1001 of this title. 

(h)  Limited partnership.- "Limited partnership" and "domestic limited partnership" means a limited partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners. 

(i)  Partnership.- "Partnership" means an association of two or more persons to carry on as co-owners a business for profit formed under § 9A-202 of this title, predecessor law, or comparable law of another jurisdiction and includes, for all purposes of the laws of this State, a limited liability partnership and a foreign limited liability partnership. 

(j)  Partnership agreement.- "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. 

(k)  Partnership at will.- "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. 

(l)  Partnership interest.- "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights. 

(m)  Property.- "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein. 

(n)  Real estate investment trust.- "Real estate investment trust" means a Maryland real estate investment trust as defined in § 8-101 of this article. 

(o)  State.- "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. 

(p)  Statement.- "Statement" means a statement of partnership authority under § 9A-303 of this title, a statement of denial under § 9A-304 of this title, a statement of dissociation under § 9A-704 of this title, a statement of dissolution under § 9A-805 of this title, or an amendment or cancellation of any of the foregoing. 

(q)  Statutory trust.- "Statutory trust" means a Maryland statutory trust as defined in § 12-101 of this article. 

(r)  Transfer.- "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance. 
 

[1997, ch. 654, § 2; 1998, ch. 21, § 3; ch. 743, §§ 1, 3; 2007, ch. 5, § 7; 2010, ch. 611, § 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Corporations-and-associations > Title-9a > Subtitle-1 > 101

§ 9A-101. Definitions.
 

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

(b)  Business.- "Business" includes every trade, occupation, and profession. 

(c)  Debtor in bankruptcy.- "Debtor in bankruptcy" means a person who is the subject of: 

(1) An order for relief under Title 11 of the United States Code or a comparable order under a successor statute of general application; or 

(2) A comparable order under federal, State, or foreign law governing insolvency. 

(d)  Distribution.- "Distribution" means a transfer of money or other property from a partnership to a partner in the partner's capacity as a partner or to the partner's transferee. 

(e)  Foreign limited liability partnership.- "Foreign limited liability partnership" means a partnership that is formed in accordance with an agreement governed by the laws of a state other than this State and registered or denominated as a limited liability partnership or registered limited liability partnership under the laws of such other state, but does not include a foreign limited partnership registered or denominated as a limited liability limited partnership under the laws of a state other than this State. 

(f)  Foreign limited partnership.- "Foreign limited partnership" means a partnership, including a foreign limited partnership registered or denominated as a limited liability partnership under the laws of a state other than this State, formed under the laws of any state other than this State or under the laws of a foreign country and having as partners one or more general partners and one or more limited partners. 

(g)  Limited liability partnership.- "Limited liability partnership" means a partnership that: 

(1) Is formed in accordance with the laws of this State; and 

(2) Is registered under § 9A-1001 of this title. 

(h)  Limited partnership.- "Limited partnership" and "domestic limited partnership" means a limited partnership formed by two or more persons under the laws of this State and having one or more general partners and one or more limited partners. 

(i)  Partnership.- "Partnership" means an association of two or more persons to carry on as co-owners a business for profit formed under § 9A-202 of this title, predecessor law, or comparable law of another jurisdiction and includes, for all purposes of the laws of this State, a limited liability partnership and a foreign limited liability partnership. 

(j)  Partnership agreement.- "Partnership agreement" means the agreement, whether written, oral, or implied, among the partners concerning the partnership, including amendments to the partnership agreement. 

(k)  Partnership at will.- "Partnership at will" means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking. 

(l)  Partnership interest.- "Partnership interest" or "partner's interest in the partnership" means all of a partner's interests in the partnership, including the partner's transferable interest and all management and other rights. 

(m)  Property.- "Property" means all property, real, personal, or mixed, tangible or intangible, or any interest therein. 

(n)  Real estate investment trust.- "Real estate investment trust" means a Maryland real estate investment trust as defined in § 8-101 of this article. 

(o)  State.- "State" means a state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any territory or insular possession subject to the jurisdiction of the United States. 

(p)  Statement.- "Statement" means a statement of partnership authority under § 9A-303 of this title, a statement of denial under § 9A-304 of this title, a statement of dissociation under § 9A-704 of this title, a statement of dissolution under § 9A-805 of this title, or an amendment or cancellation of any of the foregoing. 

(q)  Statutory trust.- "Statutory trust" means a Maryland statutory trust as defined in § 12-101 of this article. 

(r)  Transfer.- "Transfer" includes an assignment, conveyance, lease, mortgage, deed, and encumbrance. 
 

[1997, ch. 654, § 2; 1998, ch. 21, § 3; ch. 743, §§ 1, 3; 2007, ch. 5, § 7; 2010, ch. 611, § 2.]