§ 2-305. Charges and expenses of organization
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 2-305
§ 2-305. Charges and expenses of organization
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.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 26.
MD Code, Corporations and Associations, § 2-305, MD CORP & ASSNS § 2-305
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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