Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations

Section 5-105 - Professional Service to Be Performed Through Licensed Individuals - (a) A domestic or foreign corporation may render professional services...

Section 5-106 - Corporate Name -- General Requirements - The name of a domestic professional corporation or of a...

Section 5-107 - Inclusion of Stockholder's Surname; Exception - (a) (1) Except as provided in paragraph (2) of this...

Section 5-108 - Certificate of Authorization for Use of Corporate Name - (a) If required under § 5–107 of this subtitle to...

Section 5-109 - Issuance of Stock - (a) A professional corporation may issue stock, rights, and options...

Section 5-110 - Statement on Stock Certificate - The following statement must appear in conspicuous type on each...

Section 5-111 - Transfer of Stock - (a) A stockholder of a professional corporation may transfer or...

Section 5-112 - Electing to Be Professional Corporation - (a) A corporation may elect to be a professional corporation...

Section 5-113 - Acquisition of Stock Upon Death or Disqualification of Stockholder; General Requirements - (a) A professional corporation shall acquire, or cause to be...

Section 5-114 - Acquisition of Stock Upon Death or Disqualification of Stockholder; Proceedings - (a) For purposes of this section the term “disqualified stockholder”...

Section 5-115 - Proceeding to Determine Fair Value - (a) (1) A proceeding under § 5-114(c) or (d) of...

Section 5-116 - Assessment of Costs and Fees in Appraisal Proceeding - (a) (1) In an appraisal proceeding commenced under § 5-115...

Section 5-117 - Directors and Officers - (a) A majority of the directors and all of the...

Section 5-118 - Proxy; Voting Trusts - (a) Only a qualified person may be appointed a proxy...

Section 5-119 - Relationship With Client or Patient - (a) The relationship between an individual rendering professional services as...

Section 5-120 - Privileged Communications - (a) A privilege applicable to communications between an individual rendering...

Section 5-121 - Liability for Negligent or Wrongful Act - (a) (1) An individual who renders a professional service in...

Section 5-122 - Merger - (a) If all the stockholders of merging corporations are qualified...

Section 5-123 - Cessation in Rendering Professional Services - (a) If a professional corporation ceases to render professional services,...

Section 5-124 - Proceeding to Dissolve Professional Corporation - The Attorney General may commence a proceeding under § 3-513...

Section 5-125 - Foreign Professional Corporation - (a) Except as provided in subsection (c) of this section,...

Section 5-126 - Foreign Professional Corporation -- Required Information - An application of a foreign professional corporation for a certificate...

Section 5-127 - Foreign Professional Corporation -- Revocation of Certificate - The Department may revoke the certificate of authority of a...

Section 5-128 - Adoption of Regulations - A licensing unit may adopt regulations to administer this subtitle.

Section 5-129 - Jurisdiction Not Restricted; Effect on Standards of Professional Conduct - This subtitle does not restrict the jurisdiction of a licensing...

Section 5-130 - Repeal of Statute by Enactment - (a) Except as provided in subsection (b) of this section,...

Section 5-131 - Severability - If any provision of this subtitle or its application to...

Section 5-132 - Suspension or Revocation of Articles of Incorporation - A licensing unit may direct the Department to suspend or...

Section 5-133 - Short Title - This subtitle may be cited as the Maryland Professional Service...

Section 5-134 - Applicability - The provisions of the Maryland General Corporation Law apply to...

Subtitle 2 - Nonstock Corporations

Section 5-201 - Application of Maryland General Corporation Law - The provisions of the Maryland General Corporation Law apply to...

Section 5-202 - Provisions in Charter or Bylaws - (a) The charter of each nonstock corporation formed after June...

Section 5-203 - Calling of Organization Meeting - Notwithstanding the provisions of Title 2 of this article, the...

Section 5-204 - Directors as Members - (a) For purposes of any law or rule relating to...

Section 5-205 - When Membership Reduced by Death or Resignation - (a) A nonstock corporation is not required to dissolve merely...

Section 5-206 - Insufficient Number of Members Present at Meeting - (a) If the number of members present at a properly...

Section 5-207 - Consolidation, Merger, Transfer of Assets, or Conversion - (a) (1) A nonstock corporation may consolidate or merge only...

Section 5-208 - Dissolution or Forfeiture of Charter - (a) Except as otherwise provided in this section, the dissolution...

Section 5-209 - Disposition of Property of Charitable or Religious Corporations by Court - (a) If a charitable or religious corporation is or is...

Subtitle 3 - Religious Corporations

Part I - In General

Section 5-301 - Definitions - (a) In this part the following words have the meanings...

Section 5-301.1 - Scope of Part - Except as otherwise provided in this subtitle or in any...

Section 5-302 - Formation and Plan of Religious Corporation - (a) The adult members of a church may form a...

Section 5-303 - Acknowledgment and Entry of Plan in Record Book - The plan shall be: (1) Entered in the record book...

Section 5-304 - Articles of Incorporation - (a) The trustees shall file articles of incorporation for record...

Section 5-305 - Conveyance of Assets on Formation of Religious Corporation - If a church forms a religious corporation, any assets held...

Section 5-306 - Trustees -- Powers - (a) The trustees have the power to: (1) Have perpetual...

Section 5-307 - Trustees -- Duties; Succession; Minister - (a) The trustees shall: (1) Keep an accurate record book;...

Section 5-308 - Amendment of Plan or Charter - (a) A religious corporation may amend its plan or charter...

Section 5-309 - Articles of Amendment - (a) If an amendment is adopted under § 5-308 of...

Section 5-310 - Arbitration of Contested Election - (a) If any contest arises over the voting rights or...

Section 5-311 - Members May Organize Another Church - (a) Members of a church may separate from the church,...

Section 5-312 - Validation of Religious Corporations and Unfiled, Lost, or Destroyed Plans or Articles of Incorporation - (a) If any church organized since 1800 as a religious...

Section 5-313 - Amendment of Charter by Special Acts Prohibited - A bill may not be introduced at the General Assembly...

Part II - Roman Catholic Church

Section 5-314 - Scope of Part - This part applies to every religious corporation formed in this...

Section 5-315 - Formation of Religious Corporation - The corporators of a religious corporation subject to this part...

Section 5-316 - Articles of Incorporation - (a) (1) The corporators shall sign articles of incorporation for...

Section 5-317 - Conveyance of Assets on Formation of Religious Corporation - In addition to the requirements of § 5-305 of this...

Section 5-318 - Powers of Corporation - Subject to the discipline and government of the Roman Catholic...

Section 5-319 - Succession of Corporators - The corporators of a religious corporation formed under this part...

Section 5-320 - Amendment of Charter; Articles of Amendment - (a) The corporators may amend the charter of a religious...

Part III - United Methodist Church

Section 5-321 - Scope of Part - This part applies to every religious corporation formed in this...

Section 5-322 - Incorporation - A religious corporation subject to this part may be incorporated...

Section 5-323 - Members - The members of a religious corporation formed by a church...

Section 5-324 - Trustees - (a) The trustees of a Methodist Church, whether or not...

Section 5-325 - Bylaws - The bylaws of a religious corporation subject to this part:...

Section 5-326 - Holding of Property - All assets owned by any Methodist Church, including any former...

Section 5-327 - Absence of Trust Clause in Deeds - The absence of a trust clause in any deed or...

Section 5-328 - Assets of Certain Churches in Garrett County - As to any local church in Garrett County that was...

Part IV - United Presbyterian Church in the United States of America

Section 5-329 - Scope of Part - (a) Except as provided in subsection (b) of this section,...

Section 5-330 - Incorporation - A religious corporation subject to this part may be incorporated...

Section 5-331 - Charters - (a) To the extent not prohibited by the Constitution of...

Section 5-332 - Trustees - (a) The trustees of a religious corporation subject to this...

Part V - Protestant Episcopal Church, Diocese of Maryland

Section 5-333 - Scope of Part; Applicability of Part I - (a) This part applies to every religious corporation formed in...

Section 5-334 - Regulation of Affairs - (a) (1) Each religious corporation subject to this part may...

Section 5-335 - Parish Boundaries - (a) This part does not affect the geographical boundaries of...

Section 5-336 - Corporate Existence and Rights Not Impaired - This part does not diminish or impair in any way...

Part VI - Protestant Episcopal Church, Diocese of Easton

Section 5-337 - Scope of Part; Applicability of Part I - (a) This part applies to every religious corporation formed in...

Section 5-338 - Regulation of Affairs - (a) (1) Each religious corporation subject to this part shall...

Subtitle 4 - Private Foundations

Section 5-401 - "Private Foundation" Defined - In this subtitle, “private foundation” means a Maryland corporation which...

Section 5-402 - Prohibited Acts - A private foundation may not: (1) Engage in any act...

Section 5-403 - Distributions - For each taxable year, a private foundation shall distribute for...

Section 5-404 - Effect of Judicial Determination - The provisions of §§ 5-402 and 5-403 of this subtitle...

Section 5-405 - Rights and Powers of Courts and Attorney General Not Impaired - This subtitle does not impair the rights and powers of...

Subtitle 5 - Agricultural Cooperatives

Section 5-501 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-502 - Purposes of Incorporation - A cooperative may be incorporated for any combination of the...

Section 5-503 - Who May Incorporate; Capital Stock - (a) A cooperative may be organized by: (1) Five or...

Section 5-504 - Powers in General - A cooperative has the power to: (1) Engage in or...

Section 5-505 - Articles of Incorporation -- Execution; Contents - (a) The incorporators of a cooperative shall sign, acknowledge, and...

Section 5-506 - Articles of Incorporation -- Amendment - The charter of a cooperative may be amended as provided...

Section 5-507 - Corporation May Be Converted Into Cooperative - (a) Any Maryland corporation organized under the Maryland General Corporation...

Section 5-508 - Stock - (a) A cooperative may: (1) Limit the sale of its...

Section 5-509 - Payment by Subscriber Before Certificate of Stock or Membership Issued - A stock certificate may not be issued to any subscriber...

Section 5-510 - Use of Term "Cooperative" in Corporate Name - (a) Except for an electric or transportation cooperative, a person...

Section 5-511 - Bylaws - (a) Within 30 days after the Department accepts for record...

Section 5-512 - Management of Cooperative; Number and Qualifications of Directors - (a) The business and affairs of a cooperative shall be...

Section 5-513 - Original Directors; Election and Term of Successors - (a) Until the first annual meeting of members and until...

Section 5-514 - Election of Directors by Districts - (a) Subject to the provisions of this section, the bylaws...

Section 5-515 - Vacancies on Board of Directors - (a) If a vacancy on the board of directors occurs...

Section 5-516 - Compensation and Contracts of Officers and Directors - (a) A cooperative may provide a fair remuneration for the...

Section 5-517 - Required and Permitted Officers - (a) Each cooperative shall have the following officers: (1) A...

Section 5-518 - Removal of Director and Officer - (a) (1) Any member of a cooperative may bring charges...

Section 5-519 - Meetings - (a) (1) Every cooperative shall hold an annual meeting of...

Section 5-520 - Quorum - (a) The bylaws of a cooperative shall state the number...

Section 5-521 - Voting - (a) A member of a cooperative organized without capital stock...

Section 5-522 - Contracts With Members - (a) If otherwise lawful, a member may contract with his...

Section 5-523 - Membership in Another Cooperative - A cooperative may be a member of any other cooperative.

Section 5-524 - Transactions With Other Cooperatives - (a) The board of directors of a cooperative by resolution...

Section 5-525 - Patronage Distributions - (a) At the time and in the manner which its...

Section 5-526 - Operating on Nonprofit Basis - (a) (1) A cooperative may operate as an agent to...

Section 5-527 - Consolidation, Merger, Share Exchange, Transfer of Assets, or Dissolution - (a) A cooperative may consolidate, merge, participate in a share...

Section 5-528 - Payment When Another Business Is Purchased - (a) If a cooperative purchases the business of another person,...

Section 5-529 - Audit of Financial Statement of Cooperative Handling Raw Agricultural Products - (a) If raw agricultural products are delivered by members to...

Section 5-530 - Cooperative and Marketing Agreements Not in Restraint of Trade - (a) A cooperative is not a combination in restraint of...

Section 5-531 - Application of Maryland General Corporation Law - The Maryland General Corporation Law applies to every cooperative except...

Section 5-532 - Penalties - (a) (1) Any person who violates the provisions of §...

Subtitle 5A - Maryland Consumer Cooperative Act

Section 5-5A-01 - Applicability of Subtitle - This subtitle does not apply to any cooperative existing or...

Section 5-5A-02 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-5A-03 - Incorporation of Consumer or Federated Cooperative; Permissible Business Activity - A consumer cooperative or a federated cooperative may be incorporated...

Section 5-5A-04 - Number Required for Incorporation - Any 5 or more adult individuals, or 2 or more...

Section 5-5A-05 - Formation of Cooperative; Evidence of Membership Interest - (a) A cooperative may be formed as a stock corporation...

Section 5-5A-06 - General Powers - Except for powers inconsistent with this subtitle, each cooperative may...

Section 5-5A-07 - Contents of Articles of Incorporation or Bylaws - (a) Within the limitations of this subtitle, the articles of...

Section 5-5A-08 - Limitation on Stock Ownership; Member's Withdrawal or Disposal of Interest; Classes of Ownership; Stock Conversion; Termination of Nonstock Voting Membership - (a) A cooperative may limit in its articles of incorporation...

Section 5-5A-09 - Conversion of Corporation Into Consumer Cooperative; Adoption of Name - If a corporation chartered under the general corporation law of...

Section 5-5A-10 - Use of Word "Cooperative" in Conducting Business - The following cooperatives are entitled to use the word “cooperative”,...

Section 5-5A-11 - Bylaws - (a) Within 30 days after incorporation as a cooperative or...

Section 5-5A-12 - Management of Cooperative; Number and Qualifications of Directors - (a) The business and affairs of a cooperative shall be...

Section 5-5A-13 - Original Directors; Election and Term of Successors - (a) Until the first annual meeting of members and until...

Section 5-5A-14 - Bylaws Provision for Election of Directors and Delegates of Members - (a) The bylaws may provide for election of directors and...

Section 5-5A-15 - Officers - (a) Each cooperative shall have the following officers: (1) President...

Section 5-5A-16 - Removal of Directors, Officers, and Delegates - The bylaws of a cooperative shall provide for the process...

Section 5-5A-17 - Remuneration of Officers and Directors - The bylaws of a cooperative may provide for remuneration of...

Section 5-5A-18 - Eligibility for Membership - A person shall be eligible for membership in a cooperative...

Section 5-5A-19 - Meetings; Quorum - (a) (1) Every cooperative shall hold at least an annual...

Section 5-5A-20 - Voting - (a) Only members shall be entitled to vote in a...

Section 5-5A-21 - Amendments to Articles of Incorporation; Action on Bylaws - (a) (1) Amendments to the articles of incorporation may be...

Section 5-5A-22 - Apportionment of Net Savings - (a) At least annually the directors of the cooperative, as...

Section 5-5A-23 - Auditing; Annual Report - (a) (1) Each cooperative shall have an audit committee as...

Section 5-5A-24 - Consolidation, Merger, Transfer of Assets, Dissolution, or Division - (a) (1) Except as provided in paragraph (2) of this...

Section 5-5A-25 - Division - (a) (1) A cooperative may divide itself into 2 or...

Section 5-5A-26 - Applicability of Subtitle - (a) (1) Any entity operating on a cooperative basis as...

Section 5-5A-27 - Organization of Economic Activity Under Subtitle Not Cause of Illegality in Itself - The fact that economic activity of a cooperative or of...

Section 5-5A-28 - Evidence of Membership Capital Not Security - Cooperative stock, membership interest, or other evidence of membership capital...

Section 5-5A-29 - Applicability of General Corporation Law - The Maryland General Corporation Laws are applicable to cooperatives, except...

Section 5-5A-30 - Short Title - This subtitle may be cited as the “Maryland Consumer Cooperative...

Subtitle 6 - Electric Cooperatives

Part I - Definitions; General Provisions

Section 5-601 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-602 - Rules of Construction - (a) This subtitle shall be construed liberally. (b) The listing...

Part II - Formation and Powers

Section 5-605 - Purpose - A cooperative, nonprofit, membership corporation may be organized under this...

Section 5-606 - Formation Generally - Five or more individuals or one or more cooperatives may...

Section 5-607 - Powers - (a) A cooperative has the power to: (1) Sue and...

Section 5-608 - Articles of Incorporation - (a) The articles of incorporation of a cooperative shall contain:...

Section 5-609 - Amendment of Articles of Incorporation - (a) A cooperative may amend its articles of incorporation as...

Section 5-610 - Name - (a) (1) Except as provided in paragraph (2) of this...

Section 5-611 - Bylaws - (a) The board of directors shall adopt the initial bylaws...

Section 5-612 - Districts - (a) The bylaws may provide for the division of the...

Part III - Members

Section 5-615 - Members - (a) (1) Each incorporator of a cooperative shall be a...

Section 5-616 - Meetings of Members - (a) (1) An annual meeting of the members of a...

Section 5-617 - Meetings of Members -- Notice - (a) (1) Except as otherwise provided in this subtitle, notice...

Section 5-618 - Meetings of Members -- Quorum - (a) Unless the bylaws require the presence of a greater...

Section 5-619 - Meetings of Members -- Voting - (a) Each member of a cooperative is entitled to one...

Part IV - Directors and Officers

Section 5-622 - Board of Directors - (a) (1) The business of a cooperative shall be managed...

Section 5-623 - Board of Directors -- Election and Tenure; Staggering Terms of Office; Filling Vacancies - (a) The directors of a cooperative named in any articles...

Section 5-624 - Officers - (a) The directors shall elect annually from among the directors...

Part V - Consolidation, Merger, Conversion, and Dissolution

Section 5-627 - Consolidation - (a) A cooperative may consolidate with one or more other...

Section 5-628 - Merger - (a) A cooperative may merge into another cooperative, or have...

Section 5-629 - Effect of Consolidation or Merger - (a) Consummation of a consolidation or merger has the effects...

Section 5-630 - Conversion of Corporation to Cooperative - (a) A Maryland corporation that supplies or is authorized to...

Section 5-631 - Dissolution -- Cooperatives That Have Not Begun Doing Business - (a) A cooperative that has not begun doing business may...

Section 5-632 - Dissolution -- Cooperatives That Have Begun Doing Business - (a) A cooperative that has begun doing business may be...

Part VI - Member-Regulated Cooperatives

Section 5-635 - Voting for a Member-Regulated Cooperative -- Requirements -- Board Meetings - (a) (1) To operate as a member–regulated cooperative, a cooperative...

Section 5-636 - Adoption of Bylaws and Articles of Incorporation - (a) Subject to subsection (b) of this section, within 180...

Section 5-637 - Application to Provision of Broadband Internet Service -- Applicable Statutory Provisions - (a) (1) Except as provided in paragraph (2) of this...

Section 5-638 - Information Available to Members -- Requirements on Rate Changess - (a) A member–regulated cooperative shall make available to its members:...

Section 5-639 - Net Metering Program -- Complaints - A member–regulated cooperative shall: (1) Implement a net metering program...

Section 5-640 - Procedures Governing Member Complaints -- Process - (a) A member–regulated cooperative shall adopt procedures to hear, decide,...

Section 5-641 - Policies on Termination of Service - (a) A member–regulated cooperative shall establish policies regarding termination of...

Section 5-642 - Annual Report on Deployment of Broadband Internet Service -- Access to Facilities - (a) On or before December 1 each year, a member–regulated...

Section 5-643 - Elections to Revert to Cooperative -- Jurisdiction by Commission - (a) (1) A member–regulated cooperative shall hold an election to...

Section 5-644 - Prevailing Provisions if Conflict - If there is a conflict between the provisions of this...

Part VII - Miscellaneous Provisions

Section 5-647 - Change of Principal Office, Resident Agent, or Address of Resident Agent - (a) On authorization of its board of directors or members,...

Section 5-648 - Filing of Articles and Other Corporate Documents - (a) Articles of incorporation, amendment, consolidation, merger, conversion, or dissolution,...

Section 5-649 - Fees; Exemption From Excise and Income Taxes - (a) The Department shall collect fees for filing and recording...

Section 5-650 - Revenues of Cooperative - (a) Revenues of a cooperative for a fiscal year may...

Section 5-651 - Disqualification From Taking Acknowledgments Prohibited - A person who is authorized to take acknowledgments under the...

Section 5-652 - Disposition of Property - (a) (1) Without authorization by the members and on the...

Section 5-653 - Liens on Real and Personal Property - A mortgage, deed of trust, security agreement, or other security...

Section 5-654 - Electric Easement - (a) In this section, “electric easement” means an easement held...

Section 5-655 - Short Title - This subtitle may be cited as the Electric Cooperative Act.

Subtitle 6A - Transportation Cooperatives

Section 5-6A-01 - Transportation Cooperatives - (a) Cooperative, nonprofit, membership corporations may be organized to supply,...

Subtitle 6B - Maryland Cooperative Housing Corporation Act

Section 5-6B-01 - Definitions - (a) In this subtitle the following terms have the meanings...

Section 5-6B-02 - Contract for Initial Sale of Cooperative Interest; Public Offering Statements - (a) A contract for the initial sale of a cooperative...

Section 5-6B-03 - Rescission; Amendments to Public Offering Statement; Failure of Developer to Comply With Section; Return of Deposits; Liability for Misrepresentation; Waiver of Rights; Sale of Units for Nonresidential Purposes - (a) Within 15 days after a contract is signed or...

Section 5-6B-04 - Warranties - (a) (1) There is an implied warranty from the developer...

Section 5-6B-05 - Notice of Conversion to Tenants - (a) (1) At least 180 days before a tenant is...

Section 5-6B-06 - Option to Purchase - (a) (1) An owner required to give notice under §...

Section 5-6B-07 - Lease Extension for Designated Households - (a) (1) In this section the following words have the...

Section 5-6B-08 - Right of Local Governments to First Right of Purchase - (a) (1) A county or an incorporated municipality may provide,...

Section 5-6B-09 - Authority of Local Governments to Require First Right of Purchase at Same Terms - (a) (1) A county or an incorporated municipality may provide...

Section 5-6B-10 - Actions by Local Governments to Protect Consumers From Displacement During Rental Housing Emergency - (a) The intent of the General Assembly of Maryland is...

Section 5-6B-11 - Deposits Made on Sale of Cooperative Interests Held in Escrow - Deposits taken in connection with the sale by a developer...

Section 5-6B-12 - Consumer Protection Standards and Enforcement - (a) This section is intended to provide minimum standards for...

Section 5-6B-13 - Cooperative Interests Not Security or Investment Security - (a) A cooperative interest is not a security under the...

Section 5-6B-14 - Restraints of Trade - The fact that economic activity is organized under this subtitle...

Section 5-6B-15 - Applicability of General Corporation Law - To the extent not inconsistent with this subtitle, the provisions...

Section 5-6B-16 - Cooperative Interest Deemed Personal Property - (a) A cooperative interest is personal property and, after receipt...

Section 5-6B-17 - Perfection of Security Interests and Cooperative Interests - (a) Except as provided in subsection (b) of this section,...

Section 5-6B-18 - Assignment of Votes - (a) Except as otherwise provided in the articles of incorporation...

Section 5-6B-19 - Meetings of Cooperative Housing Corporation, Governing Body, or Committee - (a) This section applies to any meeting of a cooperative...

Section 5-6B-20 - Distribution of Written Information - (a) This section does not apply to the distribution of...

Section 5-6B-21 - Location of Meetings - (a) This section does not apply to any meetings of...

Section 5-6B-22 - No-Impact Home-Based Businesses - (a) The provisions of this section relating to no–impact home–based...

Section 5-6B-23 - Election Related Candidate Signs or Signs Advertising Questions or Propositions - (a) In this section, “candidate sign” means a sign on...

Section 5-6B-24 - Electronic Transmission of Notice - (a) Notwithstanding language contained in the governing documents of a...

Section 5-6B-25 - Electronic Transmission of Votes or Proxies - (a) Notwithstanding language contained in the governing documents of a...

Section 5-6B-25.1 - Virtual Meetings Authorized -- Attendees Deemed Present -- Voting at Meetings -- Technical Linking Difficulties Not Invalidating - (a) (1) Notwithstanding language contained in the governing documents of...

Section 5-6B-26 - Examination and Copying of Books and Records of Cooperative Housing Corporations - (a) (1) (i) Except as provided in paragraph (2) of...

Section 5-6B-26.1 - Reserve Study of Cooperative Housing Corporation -- Criteria - (a) In this section, “reserve study” means a study of...

Section 5-6B-27 - Fidelity Insurance - (a) In this section, “fidelity insurance” includes a fidelity bond....

Section 5-6B-28 - Books and Records - (a) The governing body shall keep books and records in...

Section 5-6B-29 - Late Charges - (a) Subject to the requirements of this section, a proprietary...

Section 5-6B-30 - Dispute Settlements - (a) The dispute settlement mechanism provided by this section applies...

Section 5-6B-31 - Eviction of Member - (a) This section applies only to a cooperative project that...

Section 5-6B-32 - Statewide Effect of Act - (a) (1) Except as provided in §§ 5–6B–08 through 5–6B–10...

Section 5-6B-33 - Applicability of Act - (a) (1) Except as provided in paragraph (2) of this...

Subtitle 6C - Benefit Corporations

Section 5-6C-01 - Definitions - (a) In this subtitle the following words have the meanings...

Section 5-6C-02 - Applicability of Provisions - (a) The provisions of the Maryland General Corporation Law apply...

Section 5-6C-03 - Election by Corporation to Become Benefit Corporation - (a) A corporation may elect to be a benefit corporation...

Section 5-6C-04 - Termination of Status as Benefit Corporation - (a) A corporation may terminate status as a benefit corporation...

Section 5-6C-05 - Reference to Fact of Benefit Corporation Status - Clear reference to the fact that a corporation is a...

Section 5-6C-06 - Purpose - (a) (1) Each benefit corporation shall have the purpose of...

Section 5-6C-07 - Duties of Director - (a) A director of a benefit corporation, in performing the...

Section 5-6C-08 - Benefit Report - (a) A benefit corporation shall deliver to each stockholder an...

Subtitle 7 - Miscellaneous

Section 5-701 - Restrictions on Property Holdings - Any provision in the charter of a charitable or benevolent...

Section 5-702 - Assets Subject to Charitable or Other Restrictions - (a) A charitable or religious Maryland nonstock corporation may petition...

Section 5-703 - Restrictions on Transferability of Stock of Radio Stations - (a) As used in this section, “aliens” means the following...

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Maryland Statutes Corporations and Associations Title 5 - Special Types of Corporations

Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations