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§ 5-124. Attorney general proceeding for dissolution

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, § 5-124
§ 5-124. Attorney general proceeding for dissolution
Currentness
The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:
(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation's articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
(3) The Department or licensing unit certifies to the Attorney General:
(i) A description of the violation;
(ii) That it notified the corporation of the violation; and
(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.

Credits

Added by Acts 1993, c. 413, § 2. Amended by Acts 1994, c. 3, § 1, eff. Feb. 28, 1994.
MD Code, Corporations and Associations, § 5-124, MD CORP & ASSNS § 5-124
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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