§ 5-109. Stock issuance
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-109
§ 5-109. Stock issuance
(a) A professional corporation may issue stock, rights, and options to purchase stock to:
(b)(1) If a licensing unit with jurisdiction over a profession considers it necessary to prevent a violation of the ethical standards of the profession, the unit may, by regulation, restrict or condition, or revoke in part, the authority of a professional corporation to issue stock subject to its jurisdiction.
Credits
Added by Acts 1993, c. 413, § 2.
MD Code, Corporations and Associations, § 5-109, MD CORP & ASSNS § 5-109
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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