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§ 1-502. Definitions

West's Annotated Code of MarylandBusiness RegulationEffective: July 1, 2019

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 5. Currency Transactions in a Trade or Business (Refs & Annos)
Effective: July 1, 2019
MD Code, Business Regulation, § 1-502
§ 1-502. Definitions
(a) In this subtitle the following words have the meanings indicated.
(b) “Currency” means currency and coin of the United States or any other country.
(c) “Department” means the Maryland Department of Labor.
(d) “Person engaged in a trade or business” means an individual, partnership, limited liability company, firm, trust, estate, association, corporation, or other entity:
(1) engaged in vehicle sales, including motor vehicle, airplane, and boat sales;
(2) that conducts real estate closings and settlements; or
(3) engaged in the sale or pledging of jewelry.
(e) “Secretary” means the Secretary of Labor.


Added by Acts 1990, c. 411; Acts 1992, c. 536; renumbered from Corporations and Associations, § 1-502 by Acts 1994, c. 3, § 14, eff. Feb. 28, 1994. Amended by Acts 1995, c. 120, § 5, eff. July 1, 1995; Acts 2019, c. 8, § 5.
MD Code, Business Regulation, § 1-502, MD BUS REG § 1-502
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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