2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-124 - Proceeding to dissolve professional corporation
§5-124.
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.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
