§ 4-401. Governing corporation; unanimous stockholders' agreement
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 4-401
§ 4-401. Governing corporation; unanimous stockholders' agreement
(a) Under a unanimous stockholders' agreement, the stockholders of a close corporation may regulate any aspect of the affairs of the corporation or the relations of the stockholders, including:
(b) A unanimous stockholders' agreement may be amended, but only by the unanimous written consent of the stockholders then parties to the agreement.
(c) A stockholder who acquires his stock after a unanimous stockholders' agreement becomes effective is considered to have actually assented to the agreement and is a party to it:
(d)(1) A court of equity may enforce a unanimous stockholders' agreement by injunction or by any other relief which the court in its discretion determines to be fair and appropriate in the circumstances.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 104.
MD Code, Corporations and Associations, § 4-401, MD CORP & ASSNS § 4-401
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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