Maryland Statutes
Subtitle 1 - Professional Service Corporations
Section 5-124 - Proceeding to Dissolve Professional Corporation

The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:
        (1)    The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
        (2)    The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
        (3)    The Department or licensing unit certifies to the Attorney General:
            (i)    A description of the violation;
            (ii)    That it notified the corporation of the violation; and
            (iii)    That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.

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