The corporation may pay or allow out of the consideration received by it for its stock, the reasonable charges and expenses of its organization or reorganization and the reasonable compensation for the sale or underwriting of its stock, without rendering the stock not full paid and nonassessable and without impairing the stated capital.
Structure Maryland Statutes
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 3 - Capital Accounts, Dividends, and Retirement of Shares
Section 2-302 - Capital Account
Section 2-303 - Determination of Amount of Stated Capital and Capital Surplus
Section 2-304 - Application of Capital Surplus
Section 2-305 - Expenses of Organization, Reorganization, and Financing
Section 2-306 - Reduction of Stated Capital
Section 2-308 - Surplus Considered Capital Surplus
Section 2-309 - Distributions; Stock Dividends and Stock Splits
Section 2-310 - Acquisition of Own Stock -- in General
Section 2-310.1 - Redemption of Own Stock -- Open-End Investment Companies
Section 2-310.2 - Shares Held in Fiduciary Capacity for Benefit of Other Class of Shares
Section 2-311 - Restrictions on Making Distributions