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§ 4-202. Requirement of clear reference

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 4. Close Corporations (Refs & Annos)
Subtitle 2. Election to be a Close Corporation
MD Code, Corporations and Associations, § 4-202
§ 4-202. Requirement of clear reference
Currentness
Requirements
(a) Clear reference to the fact that the corporation is a close corporation shall appear prominently:
(1) At the head of the charter document in which the election to be a close corporation is made;
(2) In each subsequent charter document of the corporation; and
(3) On each certificate representing outstanding stock of the corporation.
Status not affected
(b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 100.
MD Code, Corporations and Associations, § 4-202, MD CORP & ASSNS § 4-202
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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