2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4-404 - Statement of affairs


MD Corp & Assn Code § 4-404 (2013) What's This?

§4-404.

(a) Once during each calendar year, each stockholder of a close corporation may present to any officer of the corporation a written request for a statement of its affairs.

(b) Within 20 days after a request is made for a statement of a close corporation’s affairs, the corporation shall prepare and have available on file at its principal office a statement verified under oath by its president or treasurer or one of its vice-presidents or assistant treasurers which sets forth in reasonable detail the corporation’s assets and liabilities as of a reasonably current date.

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