Maryland Statutes
Subtitle 1 - Professional Service Corporations
Section 5-102 - Single or Multiple Professions; Corporate Form

(a)    (1)    Except as permitted under subsection (b) of this section, a corporation may be a professional corporation under § 5–112 of this subtitle solely for the purpose of rendering professional services within a single profession.
        (2)    Except as provided in paragraph (3) of this subsection, a corporation that is eligible to be a professional corporation under this subtitle may not organize under any other corporate form permitted by this article.
        (3)    Paragraph (2) of this subsection does not apply to professional services rendered by:
            (i)    An architect;
            (ii)    A professional engineer;
            (iii)    A licensed real estate broker, licensed real estate salesperson, or licensed associate real estate broker; or
            (iv)    A veterinarian.
    (b)    A corporation may be a professional corporation under § 5–112 of this subtitle for the purpose of rendering the same, similar, or related professional services within 2 or more professions.

Structure Maryland Statutes

Maryland Statutes

Corporations and Associations

Title 5 - Special Types of Corporations

Subtitle 1 - Professional Service Corporations

Section 5-101 - Definitions

Section 5-102 - Single or Multiple Professions; Corporate Form

Section 5-103 - Powers

Section 5-104 - Limitation on Activities; Investments

Section 5-105 - Professional Service to Be Performed Through Licensed Individuals

Section 5-106 - Corporate Name -- General Requirements

Section 5-107 - Inclusion of Stockholder's Surname; Exception

Section 5-108 - Certificate of Authorization for Use of Corporate Name

Section 5-109 - Issuance of Stock

Section 5-110 - Statement on Stock Certificate

Section 5-111 - Transfer of Stock

Section 5-112 - Electing to Be Professional Corporation

Section 5-113 - Acquisition of Stock Upon Death or Disqualification of Stockholder; General Requirements

Section 5-114 - Acquisition of Stock Upon Death or Disqualification of Stockholder; Proceedings

Section 5-115 - Proceeding to Determine Fair Value

Section 5-116 - Assessment of Costs and Fees in Appraisal Proceeding

Section 5-117 - Directors and Officers

Section 5-118 - Proxy; Voting Trusts

Section 5-119 - Relationship With Client or Patient

Section 5-120 - Privileged Communications

Section 5-121 - Liability for Negligent or Wrongful Act

Section 5-122 - Merger

Section 5-123 - Cessation in Rendering Professional Services

Section 5-124 - Proceeding to Dissolve Professional Corporation

Section 5-125 - Foreign Professional Corporation

Section 5-126 - Foreign Professional Corporation -- Required Information

Section 5-127 - Foreign Professional Corporation -- Revocation of Certificate

Section 5-128 - Adoption of Regulations

Section 5-129 - Jurisdiction Not Restricted; Effect on Standards of Professional Conduct

Section 5-130 - Repeal of Statute by Enactment

Section 5-131 - Severability

Section 5-132 - Suspension or Revocation of Articles of Incorporation

Section 5-133 - Short Title

Section 5-134 - Applicability