§ 5-110. Conspicuous stock certificate statement
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-110
§ 5-110. Conspicuous stock certificate statement
The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation:
“The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act1 and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation.”
Credits
Added by Acts 1993, c. 413, § 2.
Footnotes
Corporations and Associations, § 5-101 et seq.
MD Code, Corporations and Associations, § 5-110, MD CORP & ASSNS § 5-110
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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