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§ 5-404. Application of subtitle pursuant to judicial determination

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 4. Private Foundations
MD Code, Corporations and Associations, § 5-404
§ 5-404. Application of subtitle pursuant to judicial determination
Currentness
The provisions of §§ 5-402 and 5-403 of this subtitle do not apply to any private foundation to the extent that a court of competent jurisdiction, under a judicial proceeding begun by the private foundation before January 1, 1972, determines that:
(1) The application of these sections is contrary to the terms of the charter or other instrument governing the private foundation or the administration of charitable funds held by it; and
(2) The charter or other governing instrument may not properly be changed to conform to these sections.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 447.
MD Code, Corporations and Associations, § 5-404, MD CORP & ASSNS § 5-404
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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