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§ 5-6C-04. Termination of status as benefit corporation

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2010

West's Annotated Code of Maryland
Corporations and Associations
Title 5. Special Types of Corporations (Refs & Annos)
Subtitle 6c. Benefit Corporations (Refs & Annos)
Effective: October 1, 2010
MD Code, Corporations and Associations, § 5-6C-04
§ 5-6C-04. Termination of status as benefit corporation
In general
(a) A corporation may terminate status as a benefit corporation and cease to be subject to this subtitle by amending the charter of the corporation to delete the statement that the corporation is a benefit corporation.
Approval
(b) An amendment terminating a corporation's status as a benefit corporation shall be approved by the stockholders of the corporation in accordance with Title 2, Subtitle 6 of this article.

Credits

Added by Acts 2010, c. 97, § 1, eff. Oct. 1, 2010; Acts 2010, c. 98, § 1, eff. Oct. 1, 2010.
MD Code, Corporations and Associations, § 5-6C-04, MD CORP & ASSNS § 5-6C-04
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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