There is a newer version of the Maryland Code
Maryland Corporations and Associations Section 5-111
§ 5-111.
  (a)   A stockholder of a professional corporation may transfer or pledge stock, fractional stock, and rights or options to purchase stock of the corporation only to a qualified person.
  (b)   A transfer of stock made in violation of subsection (a) of this section, except a transfer made by operation of law or by court judgment, is void.
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