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§ 5-112. Election of professional corporation status

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 1. Professional Service Corporations
MD Code, Corporations and Associations, § 5-112
§ 5-112. Election of professional corporation status
Currentness
Statement
(a) A corporation may elect to be a professional corporation under this subtitle by including in the articles of incorporation a statement that:
(1) The corporation is a professional corporation; and
(2) The corporation's purpose is to render the professional services specified.
Amendment of articles
(b) A corporation incorporated in the State may elect professional corporation status by amending its articles of incorporation to comply with subsection (a) of this section and §§ 5-106 through 5-108 of this subtitle.
Retroactive effect
(c) A corporation that, prior to the effective date of this subtitle, was a duly organized professional corporation in the State shall be deemed a duly organized professional corporation under this subtitle.

Credits

Added by Acts 1993, c. 413, § 2. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 1997, c. 14, § 1, eff. April 8, 1997.
MD Code, Corporations and Associations, § 5-112, MD CORP & ASSNS § 5-112
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.
End of Document