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§ 5-102. Single, multiple professions; organization

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2009

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 1. Professional Service Corporations
Effective: October 1, 2009
MD Code, Corporations and Associations, § 5-102
§ 5-102. Single, multiple professions; organization
Currentness
Professional corporations
(a)(1) Except as permitted under subsection (b) of this section, a corporation may be a professional corporation under § 5-112 of this subtitle solely for the purpose of rendering professional services within a single profession.
(2) Except as provided in paragraph (3) of this subsection, a corporation that is eligible to be a professional corporation under this subtitle may not organize under any other corporate form permitted by this article.
(3) Paragraph (2) of this subsection does not apply to professional services rendered by:
(i) An architect;
(ii) A professional engineer;
(iii) A licensed real estate broker, licensed real estate salesperson, or licensed associate real estate broker; or
(iv) A veterinarian.
Multiple professions
(b) A corporation may be a professional corporation under § 5-112 of this subtitle for the purpose of rendering the same, similar, or related professional services within 2 or more professions.

Credits

Added by Acts 1993, c. 413, § 2. Amended by Acts 2009, c. 88, § 1, eff. Oct. 1, 2009.
MD Code, Corporations and Associations, § 5-102, MD CORP & ASSNS § 5-102
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