This article focuses on how to form a stock corporation in Maryland. A corporation is a business entity having legal authority to act as a single person.Each item describes how to complete a blank in the sample. This is a corporation that is not authorized to issue stock but is not seeking tax-exempt status from the Federal Government (IRS) or the State of Maryland. The Inventory and Information Report lists all assets and income in the guardianship estate when a guardian of the property is appointed. Gather your documents. Elimination of fractional shares (§2-309(a)). Maryland law provides that a stockholder has appraisal rights in connection with some transactions. Use Form MW506AE to apply for a Certificate of Full or Partial. Also, the Maryland law authorizes REITs to issue up to 100 shares for no consideration.