§ 2-304. Permitted uses of capital surplus
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 2-304
§ 2-304. Permitted uses of capital surplus
(a) By resolution of its board of directors, a corporation may apply any part of its capital surplus for:
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 25.
MD Code, Corporations and Associations, § 2-304, MD CORP & ASSNS § 2-304
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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