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Maryland Code, Corporations and Associations § 4-202

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Clear reference to the fact that the corporation is a close corporation shall appear prominently:

(1) At the head of the charter document in which the election to be a close corporation is made;

(2) In each subsequent charter document of the corporation; and

(3) On each certificate representing outstanding stock of the corporation.

(b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 4-202 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-4-202/

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