Maryland Corporations and Associations Section 5-110

Article - Corporations and Associations

§ 5-110.

      The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation:

      "The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation."



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