Current with changes from the 2024 Legislative Session
Section 3-101 - Definitions(a) In this subtitle the following words have the meanings indicated.(b) "Domestic business trust" or "business trust" means a business trust formed under the laws of the State.(c) "Domestic limited liability company" or "limited liability company" means a limited liability company formed under the laws of the State.(d) "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" or "partnership" means a partnership formed under the laws of the State.(f) "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" 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" 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" 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" means any interest in real property, the title to which could be affected by recording an instrument in the land records.