§ 5-701. Limitations on property or income
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-701
§ 5-701. Limitations on property or income
Any provision in the charter of a charitable or benevolent Maryland corporation existing on June 1, 1951, whether incorporated under any public general law or special act of the State, purporting to limit or restrict the tenure or enjoyment of property or income is ineffective to limit or restrict the right of the corporation to hold, enjoy, use, and deal with any property and income in any way.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 137.
MD Code, Corporations and Associations, § 5-701, MD CORP & ASSNS § 5-701
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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