2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 5-6C-02 - Applicability of provisions


MD Corp & Assn Code § 5-6C-02 (2013) What's This?

(a) Maryland General Corporation Law. -- The provisions of the Maryland General Corporation Law apply to benefit corporations except to the extent that:

(1) The context of a provision clearly requires otherwise; or

(2) A specific provision of this subtitle or another provision of law governing specific classes of corporations provides otherwise.

(b) Applicability of subtitle. -- This subtitle applies only to benefit corporations.

(c) Effect of subtitle on other provisions. --

(1) The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a corporation that is not a benefit corporation.

(2) This subtitle does not affect any statute or rule of law as it applies to a corporation that is not a benefit corporation.

(d) Inconsistent provisions of charter or bylaws prohibited. -- A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.

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