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§ 3-901. Conversion of corporation to other business entity

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2014

West's Annotated Code of Maryland
Corporations and Associations
Title 3. Corporations in General--Extraordinary Actions (Refs & Annos)
Subtitle 9. Conversions of Corporations (Refs & Annos)
Effective: October 1, 2014
MD Code, Corporations and Associations, § 3-901
§ 3-901. Conversion of corporation to other business entity
“Other entity” defined
(a) In this subtitle, “other entity” means:
(1) A foreign corporation, as defined in § 1-101 of this article;
(2) A domestic limited liability company, as defined in § 4A-101 of this article;
(3) A foreign limited liability company, as defined in § 4A-101 of this article;
(4) A partnership, as defined in § 9A-101 of this article;
(5) A limited partnership, as defined in § 10-101 of this article, including a limited partnership registered as a limited liability limited partnership under § 10-805 of this article;
(6) A foreign limited partnership, as defined in § 10-101 of this article;
(7) A business trust, as defined in § 1-101 of this article; or
(8) Another form of unincorporated business formed under the laws of this State or the laws of the United States, another state of the United States, a territory, possession, or district of the United States, or a foreign country.
Conversion of corporation to other entity
(b) Unless the charter provides otherwise, a Maryland corporation may convert to an other entity by:
(1) Approving the conversion in accordance with § 3-902 of this subtitle; and
(2) Filing for record with the Department articles of conversion executed in the manner required by Title 1 of this article.
Conversion of other entity to a corporation
(c) An other entity may convert to a Maryland corporation having capital stock by complying with § 3-902 of this subtitle and filing for record with the Department:
(1) Articles of conversion executed in the manner required by Title 1 of this article; and
(2) Articles of incorporation, which shall include the name of the converting other entity, executed in the manner required by Title 2 of this article and otherwise complying with the Maryland General Corporation Law.

Credits

Added by Acts 2013, c. 527, § 2, eff. Oct. 1, 2013; Acts 2013, c. 528, § 2, eff. Oct. 1, 2013. Amended by Acts 2014, c. 550, § 1, eff. Oct. 1, 2014; Acts 2014, c. 551, § 1, eff. Oct. 1, 2014.
MD Code, Corporations and Associations, § 3-901, MD CORP & ASSNS § 3-901
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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