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§ 17-101. Definitions

West's Annotated Code of MarylandBusiness RegulationEffective: October 1, 2022

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 17. Miscellaneous State Business Licenses (Refs & Annos)
Subtitle 1. Definitions; General Provisions (Refs & Annos)
Effective: October 1, 2022
MD Code, Business Regulation, § 17-101
§ 17-101. Definitions
Currentness
(a) In this title the following words have the meanings indicated.
(b) “Goods” means tangible personal property, items of trade, merchandise, or other types of products sold at wholesale or retail.
(c) “License” means a license issued under this title.
(d)(1) “Sale” means the exchange or transfer, or the agreement to change or transfer, title or possession of goods in any manner for consideration.
(2) “Sale” includes barter.
(e) “Sell” includes barter.
(f) “Stock-in-trade” means:
(1) goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation; or
(2) except for alcoholic beverages, goods held for sale and reported as inventory on the Business Personal Property Tax Return filed with the State Department of Assessments and Taxation for determining the valuation of a trader's license under Subtitle 18 of this title.
(g) “Trader” means a person who operates a room or other place of business for selling goods, including goods sold at auction.
(h) “Trader's license” means a license issued by the clerk to do business as a trader.

Credits

Added by Acts 1992, c. 4, § 2. Amended by Acts 2022, c. 315, § 2, eff. Oct. 1, 2022.
MD Code, Business Regulation, § 17-101, MD BUS REG § 17-101
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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