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Maryland Code, Corporations and Associations § 5-124

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

The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:

(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation's articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;

(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and

(3) The Department or licensing unit certifies to the Attorney General:

(i) A description of the violation;

(ii) That it notified the corporation of the violation; and

(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.

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Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 5-124 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-5-124/

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