(a) A corporation may elect to be a benefit corporation under this subtitle by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation.
(b) An amendment described in subsection (a) of this section shall be approved in accordance with Title 2, Subtitle 6 of this article.
(c) The name of a domestic benefit corporation or a foreign benefit corporation authorized to transact business in the State must comply with Title 1, Subtitle 5 of this article.
Structure Maryland Statutes
Title 5 - Special Types of Corporations
Subtitle 6C - Benefit Corporations
Section 5-6C-02 - Applicability of Provisions
Section 5-6C-03 - Election by Corporation to Become Benefit Corporation
Section 5-6C-04 - Termination of Status as Benefit Corporation
Section 5-6C-05 - Reference to Fact of Benefit Corporation Status