There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 4-501
§ 4-501.
  If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:
    (1)   Approved by the affirmative vote of the holders of all outstanding stock; or
    (2)   Permitted by a unanimous stockholders' agreement.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.