There is a newer version of the Maryland Code
2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
- Title 1 - GENERAL PROVISIONS
- § 1-101 - Definitions [Effective October 1, 2013].
- § 1-102 - Applicability and construction of article
- § 1-103 - Short title for Titles 1 through 3
- § 1-201 - Recording or filing of charter and other documents Effective until October 1, 2013].
- § 1-202 - Recordation of charter or other document
- § 1-203 - Recording, filing, and other fees [Effective until October 1, 2013].
- § 1-204 - Organization and capitalization fee
- § 1-205 - Unrecorded and unfiled charter documents
- § 1-206 - Effect of acceptance for recording or filing
- § 1-207 - Certificate of correction
- § 1-208 - Resident agent [Effective until October 1, 2013]
- § 1-209 - Filing charter amendment on cessation of family farm.
- § 1-301 - Execution of articles
- § 1-302 - Alternative to acknowledgment and verification
- § 1-303 - Corporate acknowledgments
- § 1-304 - Affixing corporate seal
- § 1-401 - Service of process and notice
- § 1-402 - Financial accounts of Maryland corporation presumed proper
- § 1-403 - Defense of ultra vires
- § 1-404 - Improper use of corporate indication
- § 1-405 - Forfeiture of charter, revocation of permit, or injunction against business other than corporation for illegal conduct connected with organized crime
- § 1-406 - Trade names
- § 1-501 - "Entity" defined
- § 1-502 - Requirements
- § 1-503 - Prohibited language in names
- § 1-504 - Name to be distinguishable
- § 1-505 - Exclusive use of name
- § 1-506 - Foreign entities
- § 1-507 - Grandfather clause
- § 1-508 - Regulations
- § 2-101 - Purpose for which corporation may be formed; application of other statutes
- § 2-102 - Formation generally
- § 2-103 - General powers
- § 2-104 - Articles of incorporation
- § 2-105 - Charter provisions relating to capital stock
- § 2-106 - Corporate name
- § 2-107 - Reserved name
- § 2-108 - Resident agent and principal office
- § 2-109 - Organization meeting of directors; adoption of bylaws
- § 2-110 - Contents and keeping of bylaws
- § 2-111 - Books and records
- § 2-112 - Closed-end investment company; required submissions to stockholders; elimination of trading discount to net asset value
- § 2-201 - Power to issue stock and convertible securities; effect of authorization
- § 2-202 - Subscription for stock
- § 2-203 - Price and consideration for stock
- § 2-204 - Requisites to issuance
- § 2-205 - Preemptive rights
- § 2-206 - Payment for stock and convertible securities
- § 2-207 - Installment payments for stock purchased by officers, directors, or employees
- § 2-208 - Classification or reclassification of unissued stock by board
- § 2-209 - Stock ledger
- § 2-210 - Issuance of stock certificate
- § 2-211 - Contents of stock certificate
- § 2-212 - Signature and seal on certificates for stock and other securities
- § 2-213 - Lost stock certificate
- § 2-214 - Fractional shares
- § 2-215 - Liability of subscribers and holders
- § 2-216 - Prohibited acts; penalty
- § 2-301 - "Distribution" defined
- § 2-302 - Capital account
- § 2-303 - Determination of amount of stated capital and capital surplus
- § 2-304 - Application of capital surplus
- § 2-305 - Expenses of organization, reorganization, and financing
- § 2-306 - Reduction of stated capital
- § 2-307 - Articles of reduction and articles of amendment and reduction
- § 2-308 - Surplus considered capital surplus
- § 2-309 - Distributions; stock dividends and stock splits
- § 2-310 - Acquisition of own stock -- In general
- § 2-311 - Restrictions on making distributions
- § 2-312 - Liabilities of directors; contribution
- § 2-313 - Annual statement of affairs
- § 2-314 - Annual statement of affairs
- § 2-315, 2-316 - Liabilities of directors; liabilities of stockholder.
- § 2-401 - Function of directors
- § 2-402 - Number of directors
- § 2-403 - Qualifications of directors
- § 2-404 - Election and tenure of directors
- § 2-405 - Directors holding over
- § 2-406 - Removal or resignation of director
- § 2-407 - Vacancy on board
- § 2-408 - Action by directors
- § 2-409 - Meetings of directors
- § 2-410 - Dissent of director to action of board
- § 2-411 - Executive and other committees
- § 2-412 - Required and permitted officers
- § 2-413 - Election, tenure, and removal of officers
- § 2-414 - Powers and duties of officers and agents
- § 2-415 - Holding more than one office
- § 2-416 - Financial assistance to officers and employees
- § 2-417 - Liability of directors and officers is joint and several; contribution
- § 2-418 - Indemnification of directors, officers, employees, and agents
- § 2-419 - Interested director transactions
- § 2-501 - Annual meeting
- § 2-502 - Special meeting
- § 2-503 - Place of meetings
- § 2-504 - Notice; meetings; stockholder proposals
- § 2-505 - Informal action by stockholders
- § 2-506 - Quorum; voting
- § 2-507 - General right to vote; proxies
- § 2-508 - Voting by certain holders of stock
- § 2-509 - Voting of stock held by corporation
- § 2-510 - Voting trust
- § 2-511 - Record date and closing of transfer books
- § 2-512 - Stockholder's right of inspection
- § 2-513 - Additional right of inspection of stockholders of 5 percent of stock
- § 2-514 - Certification of beneficial owners of stock
- § 2-601 - General rule; exception
- § 2-602 - Power to amend charter
- § 2-603 - Charter amendment -- No stock outstanding or subscribed for
- § 2-604 - Charter amendment -- Stock outstanding or subscribed for
- § 2-605 - Charter amendment -- Minor changes in name or designation of stock classes or series
- § 2-606 - Charter amendment -- Multiple amendments
- § 2-607 - Contents of articles of amendment
- § 2-608 - Restatement of charter
- § 2-609 - Amendment and restatement of charter
- § 2-610 - Execution and filing of articles
- § 2-611 - Effect of articles
- § 2-612 - Abandonment of proposed amendment
- § 3-101 - Definitions
- § 3-102 - General rule
- § 3-103 - Consideration for stock or assets
- § 3-104 - Transfers in ordinary course of business; mortgages; share exchanges by voluntary action or agreement
- § 3-105 - Procedure
- § 3-106 - Procedure for merger of subsidiary corporation if charter of parent not amended
- § 3-107 - Filing of articles
- § 3-108 - Abandonment of proposed consolidation, merger, share exchange, or transfer of assets
- § 3-109 - Contents of articles of consolidation, merger, share exchange, or transfer
- § 3-110 - Execution of articles
- § 3-111 - Action by Department
- § 3-112 - Property certificate for assessment records
- § 3-113 - Time consolidation, merger, share exchange, or transfer effective
- § 3-114 - Effect of consolidation or merger
- § 3-115 - Effect of transfer of assets
- § 3-116 - Waiver of exemptions
- § 3-117 - Consolidations and mergers of foreign corporations
- § 3-201 - Definitions.
- § 3-202 - Right to fair value of stock
- § 3-203 - Procedure by stockholder
- § 3-204 - Effect of demand on dividend and other rights
- § 3-205 - Withdrawal of demand
- § 3-206 - Restoration of dividend and other rights
- § 3-207 - Notice and offer to stockholders
- § 3-208 - Petition for appraisal; consolidation of proceedings; joinder of objectors
- § 3-209 - Notation on stock certificate
- § 3-210 - Appraisal of fair value
- § 3-211 - Action by court on appraisers' report
- § 3-212 - Surrender of stock
- § 3-213 - Rights of successor with respect to stock
- § 3-301 - Reorganization by order of court
- § 3-302 - Sale of property or franchise under court order
- § 3-303, 3-304 - Reorganization by order of court; sale of property or franchise under court order.
- § 3-401 - General rule
- § 3-402 - Approval of voluntary dissolution -- No stock outstanding or subscribed for
- § 3-403 - Approval of voluntary dissolution -- Stock outstanding or subscribed for
- § 3-404 - Notice to creditors and employees of voluntary dissolution
- § 3-405 - Abandonment or rescission of voluntary dissolution
- § 3-406 - Articles of dissolution
- § 3-407 - Filing articles with Department; payment of taxes
- § 3-408 - Time voluntary dissolution effective
- § 3-409 - Procedure by Department after acceptance of articles
- § 3-410 - Powers of directors in voluntary dissolution
- § 3-411 - Appointment of receiver in voluntary dissolution
- § 3-412 - Distributions to stockholders in voluntary dissolution
- § 3-413 - Grounds for petition by stockholders or creditors for involuntary dissolution
- § 3-414 - Appointment of receiver in involuntary dissolution -- In general
- § 3-415 - Appointment of receiver in involuntary dissolution -- Insolvency
- § 3-416 - Appointment of officer, director, or stockholder as receiver
- § 3-417 - Certification of involuntary dissolution to Department; notice to tax collectors
- § 3-418 - Powers of receiver in voluntary and involuntary dissolution
- § 3-419 - Liability of stockholders, officers, and directors in voluntary or involuntary dissolution
- § 3-501 - Power to reinstate expired charter and extend corporate existence
- § 3-502 - Contents and execution of articles of extension
- § 3-503 - Forfeiture of charter for nonpayment of taxes or failure to file report
- § 3-504 - Notice of proclamation; effect of compliance
- § 3-505 - Correction of mistakes
- § 3-506 - Other remedies not affected
- § 3-507 - Procedure for revival of forfeited charter
- § 3-508 - Contents of articles of revival
- § 3-509 - Conditions on acceptance of articles of revival
- § 3-510 - Evidentiary effect of acceptance of articles of revival
- § 3-511 - Meeting of stockholders after revival
- § 3-512 - Effect of extension or revival
- § 3-513 - Forfeiture of charter for misuse of powers
- § 3-514 - Prohibition against doing business after forfeiture
- § 3-515 - Powers of directors on forfeiture
- § 3-516 - Appointment of receiver on forfeiture
- § 3-517 - Distributions to stockholders on forfeiture -- When number of outstanding shares known
- § 3-518 - Distributions to stockholders on forfeiture -- When number of outstanding shares unknown
- § 3-519 - Conditions on expiration of corporate existence
- § 3-520
- § 3-601 - Definitions
- § 3-602 - Business combinations -- In general
- § 3-603 - Business combinations -- Exemptions
- § 3-604 - Application of subtitle
- § 3-605 - Short title
- § 3-701 - Definitions
- § 3-702 - Voting rights
- § 3-703 - Acquiring person statement
- § 3-704 - Special meeting
- § 3-705 - Calls
- § 3-706 - Notice of meeting
- § 3-707 - Redemption rights
- § 3-708 - Status as objecting stockholders
- § 3-709 - Application
- § 3-710 - Short title
- § 3-801 - Definitions
- § 3-802 - Applicability of subtitle
- § 3-803 - Directors -- Classes
- § 3-804 - Directors -- Removal, number, and vacancy
- § 3-805 - Special meetings of stockholders
- § 4-101 - Definitions
- § 4-102 - Execution of documents
- § 4-201 - Statement of election
- § 4-202 - Required references to close corporation status
- § 4-203 - Removal of statement from charter
- § 4-301 - At least one director required initially
- § 4-302 - Election to have no board of directors
- § 4-303 - Effect of election to have no board of directors
- § 4-401 - Unanimous stockholders' agreement
- § 4-402 - Stockholders' annual meeting
- § 4-403 - Stockholders' right of inspection
- § 4-404 - Statement of affairs
- § 4-501 - Restriction on issuance or sale of stock
- § 4-502 - Certain securities and stock options prohibited
- § 4-503 - Restrictions on transfer of stock
- § 4-504 - Denial or restriction of voting rights; unanimous stockholder vote
- § 4-601 - Consolidation, merger, share exchange, or transfer of assets
- § 4-602 - Involuntary dissolution
- § 4-603 - Avoidance of dissolution by purchase of petitioner's stock
- § 4A-101 - Definitions
- § 4A-102 - Policy
- § 4A-201 - Purpose
- § 4A-202 - Formation
- § 4A-203 - Powers
- § 4A-204 - Articles of organization
- § 4A-205 - Certificate of correction
- § 4A-206 - Execution of articles and certificates
- § 4A-207 - Filing with the Department
- § 4A-208 - Name
- § 4A-209 - Reservation of name; transfer of reserved name
- § 4A-210 - Principal office and resident agent
- § 4A-211 - Conversion of partnership to limited liability company
- § 4A-212 - Conversion of individual proprietorship to limited liability company
- § 4A-213 - Effect of converting partnership to limited liability company
- § 4A-301 - Liability to third persons
- § 4A-302 - Parties to actions
- § 4A-303 - Limited liability company property
- § 4A-401 - Member as agent of company
- § 4A-402 - Operating agreement
- § 4A-403 - Voting; meetings; actions
- § 4A-404 - Unanimous consent of members
- § 4A-405 - Business transactions of member with limited liability company
- § 4A-406 - Information regarding affairs of limited liability company
- § 4A-501 - Capital contributions
- § 4A-502 - Liability for capital contribution
- § 4A-503 - Sharing of profits and losses; distributions
- § 4A-504 - Distribution in kind
- § 4A-505 - Status of creditor
- § 4A-506, 4A-507 - Distribution in kind; status of creditor.
- § 4A-601 - Admission of members
- § 4A-602 - Interest in limited liability company
- § 4A-603 - Assignment of interest
- § 4A-604 - Right of assignee to become a member
- § 4A-605 - Withdrawal of member
- § 4A-606 - Cessation of membership
- § 4A-607 - Rights of creditor
- § 4A-701 - Merger in general
- § 4A-702 - Approval of merger
- § 4A-703 - Execution and filing of articles of merger
- § 4A-704 - Abandonment
- § 4A-705 - Rights of objector
- § 4A-706 - Certificates of merger
- § 4A-707 - Property certificate
- § 4A-708 - Effective date of merger
- § 4A-709 - Effects of consummation
- § 4A-710 - Service of process
- § 4A-801 - Right of action
- § 4A-802 - Proper plaintiff
- § 4A-803 - Pleading
- § 4A-804 - Expenses
- § 4A-901 - Dissolution
- § 4A-902 - Causes of dissolution; continuation
- § 4A-903 - Judicial dissolution
- § 4A-904 - Winding up
- § 4A-905 - Effect of dissolution on authority of members
- § 4A-906 - Distribution of assets
- § 4A-907 - Articles of dissolution; articles of continuation
- § 4A-908 - Time termination effective
- § 4A-909 - Contents of articles of cancellation
- § 4A-910 - Filing articles of cancellation with Department
- § 4A-911 - Failure to pay taxes or required contributions; proclamation
- § 4A-912 - Notice of proclamation; reinstatement upon payment
- § 4A-913 - Corrective proclamation
- § 4A-914 - Effect on other laws
- § 4A-915 - Articles of reinstatement -- Filing
- § 4A-916 - Articles of reinstatement -- Contents
- § 4A-917 - Articles of reinstatement -- Conditions of acceptance
- § 4A-918 - Articles of reinstatement -- Acceptance as evidence of compliance
- § 4A-919 - Penalties for transacting business
- § 4A-920 - No bar to valid acts or defense of suit
- § 4A-921, 4A-922 - Penalties for transacting business; no bar to valid acts or defense of suit.
- § 4A-1001 - Governing law
- § 4A-1002 - Registration
- § 4A-1003 - Issuance of registration
- § 4A-1004 - Registration of name
- § 4A-1005 - Changes and amendments to registration
- § 4A-1006 - Cancellation of registration
- § 4A-1007 - Doing business without registration
- § 4A-1008 - Action by Attorney General
- § 4A-1009 - Doing business
- § 4A-1010 - Assent to State laws
- § 4A-1011 - Compliance with title is not consent to suit
- § 4A-1012 - Law governing merger -- Foreign limited liability company
- § 4A-1013 - Forfeiture of right to do business
- § 4A-1101 - Definitions.
- § 4A-1102 - Applicability.
- § 4A-1103 - Election to be benefit limited liability company; name
- § 4A-1104 - Clear references to status as benefit limited liability company
- § 4A-1105 - Termination of status.
- § 4A-1106 - Purpose of creating general or specific public benefit.
- § 4A-1107 - Duties of manager.
- § 4A-1108 - Annual benefit report.
- § 4A-1201 - Applicability of provisions to foreign and interstate commerce
- § 4A-1202 - Severability
- § 4A-1203 - Short title
- § 5-101 - Definitions
- § 5-102 - Single or multiple professions; corporate form
- § 5-103 - Powers
- § 5-104 - Limitation on activities; investments
- § 5-105 - Professional service to be performed through licensed individuals
- § 5-106 - Corporate name -- General requirements
- § 5-107 - Inclusion of stockholder's surname; exception
- § 5-108 - Certificate of authorization for use of corporate name
- § 5-109 - Issuance of stock
- § 5-110 - Statement on stock certificate
- § 5-111 - Transfer of stock
- § 5-112 - Electing to be professional corporation
- § 5-113 - Acquisition of stock upon death or disqualification of stockholder; general requirements
- § 5-114 - Acquisition of stock upon death or disqualification of stockholder; proceedings
- § 5-115 - Proceeding to determine fair value
- § 5-116 - Assessment of costs and fees in appraisal proceeding
- § 5-117 - Directors and officers
- § 5-118 - Proxy; voting trusts
- § 5-119 - Relationship with client or patient
- § 5-120 - Privileged communications
- § 5-121 - Liability for negligent or wrongful act
- § 5-122 - Merger
- § 5-123 - Cessation in rendering professional services
- § 5-124 - Proceeding to dissolve professional corporation
- § 5-125 - Foreign professional corporation
- § 5-126 - Foreign professional corporation -- Required information
- § 5-127 - Foreign professional corporation -- Revocation of certificate
- § 5-128 - Adoption of regulations
- § 5-129 - Jurisdiction not restricted; effect on standards of professional conduct
- § 5-130 - Repeal of statute by enactment
- § 5-131 - Severability
- § 5-132 - Suspension or revocation of articles of incorporation
- § 5-133 - Short title
- § 5-134 - Applicability
- § 5-201 - Application of Maryland General Corporation Law
- § 5-202 - Provisions in charter or bylaws
- § 5-203 - Calling of organization meeting
- § 5-204 - Directors as members
- § 5-205 - When membership reduced by death or resignation
- § 5-206 - Insufficient number of members present at meeting
- § 5-207 - Consolidation, merger, and transfer of assets
- § 5-208 - Dissolution or forfeiture of charter
- § 5-209 - Disposition of property of charitable or religious corporations by court
- § 5-301 - Definitions
- § 5-302 - Formation and plan of religious corporation
- § 5-303 - Acknowledgment and entry of plan in record book
- § 5-304 - Articles of incorporation
- § 5-305 - Conveyance of assets on formation of religious corporation
- § 5-306 - Trustees -- Powers
- § 5-307 - Trustees -- Duties; succession; minister
- § 5-308 - Amendment of plan or charter
- § 5-309 - Articles of amendment
- § 5-310 - Arbitration of contested election
- § 5-311 - Members may organize another church
- § 5-312 - Validation of religious corporations and unfiled, lost, or destroyed plans or articles of incorporation
- § 5-313 - Amendment of charter by special acts prohibited
- § 5-314 - Scope of part
- § 5-315 - Formation of religious corporation
- § 5-316 - Articles of incorporation
- § 5-317 - Conveyance of assets on formation of religious corporation
- § 5-318 - Powers of corporation
- § 5-319 - Succession of corporators
- § 5-320 - Amendment of charter; articles of amendment
- § 5-321 - Scope of part
- § 5-322 - Incorporation
- § 5-323 - Members
- § 5-324 - Trustees
- § 5-325 - Bylaws
- § 5-326 - Holding of property
- § 5-327 - Absence of trust clause in deeds
- § 5-328 - Assets of certain churches in Garrett County
- § 5-329 - Scope of part
- § 5-330 - Incorporation
- § 5-331 - Charters
- § 5-332 - Trustees
- § 5-333 - Scope of part; applicability of Part I
- § 5-334 - Regulation of affairs
- § 5-335 - Parish boundaries
- § 5-336 - Corporate existence and rights not impaired
- § 5-337 - Scope of part; applicability of Part I
- § 5-338 - Regulation of affairs
- § 5-401 - "Private foundation" defined
- § 5-402 - Prohibited acts
- § 5-403 - Distributions
- § 5-404 - Effect of judicial determination
- § 5-405 - Rights and powers of courts and Attorney General not impaired
- § 5-501 - Definitions
- § 5-502 - Purposes of incorporation
- § 5-503 - Who may incorporate; capital stock
- § 5-504 - Powers in general
- § 5-505 - Articles of incorporation -- Execution; contents
- § 5-506 - Articles of incorporation -- Amendment
- § 5-507 - Corporation may be converted into cooperative
- § 5-508 - Stock
- § 5-509 - Payment by subscriber before certificate of stock or membership issued
- § 5-510 - Use of term "cooperative" in corporate name
- § 5-511 - Bylaws
- § 5-512 - Management of cooperative; number and qualifications of directors
- § 5-513 - Original directors; election and term of successors
- § 5-514 - Election of directors by districts
- § 5-515 - Vacancies on board of directors
- § 5-516 - Compensation and contracts of officers and directors
- § 5-517 - Required and permitted officers
- § 5-518 - Removal of director and officer
- § 5-519 - Meetings
- § 5-520 - Quorum
- § 5-521 - Voting
- § 5-522 - Contracts with members
- § 5-523 - Membership in another cooperative
- § 5-524 - Transactions with other cooperatives
- § 5-525 - Patronage distributions
- § 5-526 - Operating on nonprofit basis
- § 5-527 - Consolidation, merger, share exchange, transfer of assets, or dissolution
- § 5-528 - Payment when another business is purchased
- § 5-529 - Audit of financial statement of cooperative handling raw agricultural products
- § 5-530 - Cooperative and marketing agreements not in restraint of trade
- § 5-531 - Application of Maryland General Corporation Law
- § 5-532 - Penalties
- § 5-5A-01 - Applicability of subtitle
- § 5-5A-02 - Definitions
- § 5-5A-03 - Incorporation of consumer or federated cooperative; permissible business activity
- § 5-5A-04 - Number required for incorporation
- § 5-5A-05 - Formation of cooperative; evidence of membership interest
- § 5-5A-06 - General powers
- § 5-5A-07 - Contents of articles of incorporation or bylaws
- § 5-5A-08 - Limitation on stock ownership; member's withdrawal or disposal of interest; classes of ownership; stock conversion; termination of nonstock voting membership
- § 5-5A-09 - Conversion of corporation into consumer cooperative; adoption of name
- § 5-5A-10 - Use of word "cooperative" in conducting business
- § 5-5A-11 - Bylaws
- § 5-5A-12 - Management of cooperative; number and qualifications of directors
- § 5-5A-13 - Original directors; election and term of successors
- § 5-5A-14 - Bylaws provision for election of directors and delegates of members
- § 5-5A-15 - Officers
- § 5-5A-16 - Removal of directors, officers, and delegates
- § 5-5A-17 - Remuneration of officers and directors
- § 5-5A-18 - Eligibility for membership
- § 5-5A-19 - Meetings; quorum
- § 5-5A-20 - Voting
- § 5-5A-21 - Amendments to articles of incorporation; action on bylaws
- § 5-5A-22 - Apportionment of net savings
- § 5-5A-23 - Auditing; annual report
- § 5-5A-24 - Consolidation, merger, transfer of assets, dissolution, or division
- § 5-5A-25 - Division
- § 5-5A-26 - Applicability of subtitle
- § 5-5A-27 - Organization of economic activity under subtitle not cause of illegality in itself
- § 5-5A-28 - Evidence of membership capital not security
- § 5-5A-29 - Applicability of general corporation law
- § 5-5A-30 - Short title
- § 5-601 - Definitions
- § 5-602 - Rules of construction
- § 5-603, 5-604
- § 5-605 - Purpose
- § 5-606 - Formation generally
- § 5-607 - Powers
- § 5-608 - Articles of incorporation
- § 5-609 - Amendment of articles of incorporation
- § 5-610 - Name
- § 5-611 - Bylaws
- § 5-612 - Districts
- § 5-613, 5-614
- § 5-615 - Members
- § 5-616 - Meetings of members
- § 5-617 - Meetings of members -- Notice
- § 5-618 - Meetings of members -- Quorum
- § 5-619 - Meetings of members -- Voting
- § 5-620, 5-621
- § 5-622 - Board of directors
- § 5-623 - Board of directors -- Election and tenure; staggering terms of office; filling vacancies
- § 5-624 - Officers
- § 5-625, 5-626
- § 5-627 - Consolidation
- § 5-628 - Merger
- § 5-629 - Effect of consolidation or merger
- § 5-630 - Conversion of corporation to cooperative
- § 5-631 - Dissolution -- Cooperatives that have not begun doing business
- § 5-632 - Dissolution -- Cooperatives that have begun doing business
- § 5-633, 5-634
- § 5-635 - Change of principal office, resident agent, or address of resident agent
- § 5-636 - Filing of articles and other corporate documents
- § 5-637 - Fees; exemption from excise and income taxes
- § 5-638 - Revenues of cooperative
- § 5-639 - Disqualification from taking acknowledgments prohibited
- § 5-640 - Disposition of property
- § 5-641 - Liens on real and personal property
- § 5-642 - Short title
- § 5-6A-01 - Transportation cooperatives
- § 5-6B-01 - Definitions
- § 5-6B-02 - Contract for initial sale of cooperative interest; public offering statements
- § 5-6B-03 - Rescission; amendments to public offering statement; failure of developer to comply with section; return of deposits; liability for misrepresentation; waiver of rights; sale of units for nonresidential purposes
- § 5-6B-04 - Warranties
- § 5-6B-05 - Notice of conversion to tenants
- § 5-6B-06 - Option to purchase
- § 5-6B-07 - Lease extension for designated households
- § 5-6B-08 - Right of local governments to first right of purchase
- § 5-6B-09 - Authority of local governments to require first right of purchase at same terms
- § 5-6B-10 - Actions by local governments to protect consumers from displacement during rental housing emergency
- § 5-6B-11 - Deposits made on sale of cooperative interests held in escrow
- § 5-6B-12 - Consumer protection standards and enforcement
- § 5-6B-13 - Cooperative interests not security or investment security
- § 5-6B-14 - Restraints of trade
- § 5-6B-15 - Applicability of general corporation law
- § 5-6B-16 - Cooperative interest deemed personal property
- § 5-6B-17 - Perfection of security interests and cooperative interests
- § 5-6B-18 - Assignment of votes
- § 5-6B-18.1 - No-impact home-based businesses
- § 5-6B-18.2 - Election related candidate signs or signs advertising questions or propositions
- § 5-6B-18.3 - Electronic transmission of notice.
- § 5-6B-18.4 - Electronic transmission of votes or proxies
- § 5-6B-18.5 - Examination and copying of books and records of cooperative housing corporations
- § 5-6B-18.6 - Fidelity insurance
- § 5-6B-19 - Statewide effect of act
- § 5-6B-20 - Applicability of act
- § 5-6C-01 - Definitions
- § 5-6C-02 - Applicability of provisions
- § 5-6C-03 - Election by corporation to become benefit corporation
- § 5-6C-04 - Termination of status as benefit corporation
- § 5-6C-05 - Reference to fact of benefit corporation status
- § 5-6C-06 - Purpose
- § 5-6C-07 - Duties of director
- § 5-6C-08 - Benefit report
- § 5-701 - Restrictions on property holdings
- § 5-702 - Assets subject to charitable or other restrictions
- § 5-703 - Restrictions on transferability of stock of radio stations
- § 6-101 to 6-157 - Banking institutions.
- § 6-201 to 6-231 - Savings and loan associations.
- § 6-301 to 6-328 - Credit unions.
- § 6-401 to 6-421 - Fraternal benefit societies
- § 6-501 to 6-513 - Insurance companies
- § 7-101 - Registration of name
- § 7-102 - Business must be permitted by laws of this State
- § 7-103 - Activities not considered intrastate business
- § 7-104 - Activities not considered intrastate, interstate, or foreign business
- § 7-105 - Assent to State laws
- § 7-201 - Exceptions to required registration and qualification
- § 7-202 - Registration to do interstate and foreign business
- § 7-203 - Qualification to do intrastate business
- § 7-204 - Certificate of registration or qualification
- § 7-205 - Maintenance and certification of resident agent, mailing address, and principal office
- § 7-206 - Statement of certain actions to be filed with Department
- § 7-207 - Foreign professional corporations
- § 7-208 - Termination of registration or qualification
- § 7-209 - Public index of names and addresses
- § 7-210 - Compliance with subtitle is not consent to suit
- § 7-301 - Failure to register or qualify -- Maintenance of suit
- § 7-302 - Failure to register or qualify -- Fines
- § 7-303 - Failure of qualified corporation to file certified statement
- § 7-304 - Failure of corporation to file required report or pay late filing penalties
- § 7-305 - Failure to comply with Subtitle 2 does not affect contracts
- § 8-101 - Definitions
- § 8-102 - Recognized entity
- § 8-103 - Construction of title
- § 8-201 - Compliance required
- § 8-202 - Declaration of trust
- § 8-203 - Classification of shares
- § 8-204 - Security for payment of taxes
- § 8-205 - Removal of trustee
- § 8-206 - Trustee committees; delegation of powers
- § 8-207 - Federal qualification by issuance of shares without consideration
- § 8-301 - Powers
- § 8-302 - Restrictions on investments and use
- § 8-303 - Voting trust
- § 8-401 - Annual report
- § 8-402 - Inspection of records
- § 8-403 - Fees
- § 8-501 - Amendment of declaration
- § 8-502 - Termination of existence
- § 8-503 - Certificate of notice.
- § 8-601 - Liabilities of trust, shareholders, and trustees
- § 8-602 - Service of process
- § 8-701 - Penalties
- § 8-801 - Short title
- § 9-101, 9-102 - Definitions; interpretation of knowledge and notice
- § 9-201, 9-202 - Rules for determining the existence of a partnership; partnership property
- § 9-301 - -- 9-309. Partner agent of partnership; conveyance of real property of the partnership; partnership bound by admission of partner; partnership charged with knowledge of or notice to partner; partnership bound by partner's wrongful act; partnership bound by partner's breach of trust; nature of partner's liability; partner by estoppel; liability of incoming partner
- § 9-401 - -- 9-406. Rules determining rights and duties of partners; partnership books; duty of partners to render information; partner accountable as a fiduciary; right to an account; continuation of partnership beyond fixed term
- § 9-501 - -- 9-505. Extent of property rights of a partner; nature of a partner's right in specific partnership property; nature of partner's interest in the partnership; assignment of partner's interest; partner's interest subject to charging order
- § 9-601 - -- 9-614. Partnership not terminated by dissolution; causes of dissolution; dissolution by decree of court; general effect of dissolution on authority of partner; right of partner to contribution from copartners after dissolution; power of partner to bind partnership to third persons after dissolution; effect of dissolution on partner's existing liability; right to wind up; rights of partners as to application of partnership property; rights where partnership is dissolved for fraud or misrepresentation; rules for distribution; liability of persons continuing the business in certain cases; rights of retiring partner or estate of deceased partner when business is continued; accrual of right to account
- § 9-701 - -- 9-704. Rules for cases not provided for in this title; construction of title; laws governing limited liability partnerships; short title
- § 9-801 - -- 9-815. Registration; certificates; recordation or filings with Department; name; reserved names; principal office; resident agent; failure to pay taxes or required contributions; proclamation; notice of proclamation; reinstatement upon payment; corrective proclamation; effect on other laws; articles of reinstatement -- filing; contents; conditions of acceptance; acceptance as evidence of compliance; penalties for transacting business; no bar to valid acts or defense of suit
- § 9-901 - -- 9-912. Governing law; registration; issuance of registration; name; changes and amendments; cancellation of registration; doing business without registration; action of Attorney General; doing business; assent to State laws; compliance with subtitle is not consent to suit; forfeiture of right to do business
- § 9-1001 - Application and termination in general
- § 9A-101 - Definitions
- § 9A-102 - Knowledge and notice
- § 9A-103 - Effect of partnership agreement; nonwaivable provisions
- § 9A-104 - Supplemental principles of law
- § 9A-105 - Execution, filing, and recording of statements
- § 9A-106 - Law governing internal relations
- § 9A-107 - Partnership subject to amendment or repeal of this title
- § 9A-201 - Partnership as entity
- § 9A-202 - Formation of partnership
- § 9A-203 - Partnership property
- § 9A-204 - When property is partnership property
- § 9A-301 - Partner agent of partnership
- § 9A-302 - Transfer of partnership property
- § 9A-303 - Statement of partnership authority
- § 9A-304 - Statement of denial
- § 9A-305 - Partnership liable for partner's actionable conduct
- § 9A-306 - Partner's liability
- § 9A-307 - Actions by and against partnership and partners
- § 9A-308 - Liability of purported partner
- § 9A-401 - Partner's rights and duties
- § 9A-402 - Distributions in kind
- § 9A-403 - Partner's rights and duties with respect to information
- § 9A-404 - General standards of partner's conduct
- § 9A-405 - Actions by partnership and partners
- § 9A-406 - Continuation of partnership beyond definite term or particular undertaking
- § 9A-501 - Partner not co-owner of partnership property
- § 9A-502 - Partner's transferable interest in partnership
- § 9A-503 - Transfer of partner's transferable interest
- § 9A-504 - Partner's transferable interest subject to charging order
- § 9A-601 - Events causing partner's dissociation
- § 9A-602 - Partner's power to dissociate; wrongful dissociation
- § 9A-603 - Effect of partner's dissociation
- § 9A-701 - Purchase of dissociated partner's interest
- § 9A-702 - Dissociated partner's power to bind and liability to partnership
- § 9A-703 - Dissociated partner's liability to other persons
- § 9A-704 - Statement of dissociation
- § 9A-705 - Continued use of partnership name
- § 9A-801 - Events causing dissolution and winding up of partnership business
- § 9A-802 - Partnership continues after dissolution
- § 9A-803 - Right to wind up partnership business
- § 9A-804 - Partner's power to bind partnership after dissolution
- § 9A-805 - Statement of dissolution
- § 9A-806 - Partner's liability to other partners after dissolution
- § 9A-807 - Settlement of accounts and contributions among partners
- § 9A-901 - Merger in general
- § 9A-902 - Approval of merger
- § 9A-903 - Execution and filing of articles of merger
- § 9A-904 - Abandonment
- § 9A-905 - Rights of objector
- § 9A-906 - Certificates of merger
- § 9A-907 - Property certificate
- § 9A-908 - Effective date of merger
- § 9A-909 - Effects of consummation
- § 9A-910 - Service of process
- § 9A-1001 - Registration; certificates
- § 9A-1002 - Recordation of filings with Department
- § 9A-1003 - Name
- § 9A-1004 - Reserved names
- § 9A-1005 - Principal office; resident agent
- § 9A-1006 - Limited partnership as limited liability partnership
- § 9A-1007 - Failure to pay taxes or required contributions; proclamation
- § 9A-1008 - Notice of proclamation; reinstatement upon payment
- § 9A-1009 - Corrective proclamation
- § 9A-1010 - Effect on other laws
- § 9A-1011 - Certificate of reinstatement -- Filing
- § 9A-1012 - Certificate of reinstatement -- Contents
- § 9A-1013 - Conditions of acceptance
- § 9A-1014 - Conditions of acceptance -- Acceptance as evidence of compliance
- § 9A-1015 - Penalties for transacting business
- § 9A-1016 - No bar to valid acts or defense of suit
- § 9A-1101 - Registration
- § 9A-1102 - Issuance of registration
- § 9A-1103 - Name
- § 9A-1104 - Changes and amendments
- § 9A-1105 - Cancellation of registration
- § 9A-1106 - Doing business without registration
- § 9A-1107 - Action of Attorney General
- § 9A-1108 - Doing business
- § 9A-1109 - Assent to State laws
- § 9A-1110 - Compliance with subtitle is not consent to suit
- § 9A-1111 - Forfeiture of right to do business
- § 9A-1201 - Uniformity of application and construction
- § 9A-1202 - Short title
- § 9A-1203 - Severability clause
- § 9A-1204 - Applicability
- § 9A-1205 - Savings clause
- § 10-101 - Definitions
- § 10-102 - Name
- § 10-103 - Reservation of name
- § 10-104 - Principal office and resident agent
- § 10-105 - Records to be kept
- § 10-106 - Nature of business
- § 10-107 - Business transactions of partner with partnership
- § 10-108 - Applicability of Title 9A
- § 10-201 - Certificate of limited partnership
- § 10-202 - Amendment to certificate
- § 10-203 - Cancellation of certificate
- § 10-204 - Execution of certificates
- § 10-205 - Amendment or cancellation by judicial act
- § 10-206 - Filing with the Department
- § 10-207 - Liability for false statement in certificate
- § 10-208 - Mergers
- § 10-209 - Failure to pay taxes or required contributions; proclamation
- § 10-210 - Notice of proclamation; reinstatement upon payment
- § 10-211 - Corrective proclamation
- § 10-212 - Effect on other laws
- § 10-213 - Articles of reinstatement -- Filing
- § 10-214 - Articles of reinstatement -- Contents
- § 10-215 - Articles of reinstatement -- Conditions of acceptance
- § 10-216 - Articles of reinstatement -- Acceptance as evidence of compliance
- § 10-217 - Penalties for transacting business
- § 10-218 - No bar to valid acts or defense of suit
- § 10-301 - Admission as limited partner
- § 10-302 - Limited partnership agreements
- § 10-303 - Liability to third parties
- § 10-304 - Person erroneously believing himself limited partner
- § 10-305 - Information
- § 10-306 - Time of admission as limited partner
- § 10-401 - Admission of additional general partners
- § 10-402 - Events of withdrawal
- § 10-403 - Powers and liabilities
- § 10-404 - Contributions by general partner
- § 10-405 - Voting
- § 10-501 - Form of contribution
- § 10-502 - Liability for contribution
- § 10-503 - Sharing of profits and losses
- § 10-504 - Sharing of distributions
- § 10-601 - Interim distributions
- § 10-602 - Withdrawal of general partner
- § 10-603 - Withdrawal of limited partner
- § 10-604 - Distribution upon withdrawal
- § 10-605 - Distribution in kind
- § 10-606 - Status as creditor
- § 10-607 - Limitations on return of contributions
- § 10-608 - Liability upon return of contribution
- § 10-701 - Nature of partnership interest
- § 10-702 - Assignment of partnership interest
- § 10-703 - Right of assignee to become limited partner
- § 10-704 - Death, incompetency, insolvency, or termination of a general partner
- § 10-705 - Rights of creditor
- § 10-706 - Certificate of partnership interest
- § 10-801 - Events of dissolution
- § 10-802 - Judicial dissolution
- § 10-803 - Winding up
- § 10-804 - Distribution of assets
- § 10-805 - Registration as limited liability partnership
- § 10-901 - Law governing
- § 10-902 - Registration
- § 10-903 - Issuance of registration
- § 10-904 - Name
- § 10-905 - Changes and amendments
- § 10-906 - Cancellation of registration
- § 10-907 - Doing business without registration
- § 10-908 - Action by Attorney General
- § 10-909 - Doing business
- § 10-910 - Assent to State laws
- § 10-911 - Compliance with subtitle is not consent to suit
- § 10-912 - Law governing merger -- Foreign limited partnership
- § 10-913 - Forfeiture of right to do business
- § 10-1001 - Right of action
- § 10-1002 - Proper plaintiff
- § 10-1003 - Pleading
- § 10-1004 - Expenses
- § 10-1101 - Construction and application
- § 10-1102 - Short title
- § 10-1103 - Severability
- § 10-1104 - Effective date, extended effective date, and repeal
- § 10-1105 - Filing certificate required by § 10-1104
- § 11-101 - Definitions
- § 11-102 - Rules of interpretation
- § 11-103 - No preemption by Philanthropy Protection Act
- § 11-201 - Administration of title
- § 11-202 - Maryland Blue Sky Advisory Committee
- § 11-203 - Rules, forms, and orders
- § 11-204 - Hearings to be public
- § 11-205 - Filing of sales and advertising literature
- § 11-206 - Administrative files and opinions
- § 11-207 - Use or disclosure of information
- § 11-301 - Offers, sales, or purchases
- § 11-302 - Advisory activities
- § 11-303 - Misleading filings
- § 11-304 - Unlawful representations concerning registration, notice filing, or exemption
- § 11-305 - Senior investment protection.
- § 11-401 - Transaction of business by unregistered person unlawful
- § 11-402 - Agent required to be registered
- § 11-403 - Expiration
- § 11-404 - Agent or representative terminating connection with broker-dealer, issuer, or investment representative; beginning connection with another principal
- § 11-405 - Application; effective date of registration
- § 11-406 - Renewal registration
- § 11-407 - Filing fee
- § 11-408 - Successors
- § 11-409 - Capital and financial requirements
- § 11-410 - Surety
- § 11-411 - Post-registration provisions
- § 11-412 - Denial, revocation, or suspension of registration
- § 11-413 - Summary postponement or suspension
- § 11-414 - Cancellation of registration or application; abandonment of notice filing
- § 11-415 - Withdrawal from registration
- § 11-416 - Prerequisites to order
- § 11-417 - Fine for violation of title
- § 11-418 - Lists of registered broker-dealers and investment advisers
- § 11-501 - Registration requirement
- § 11-502 - Registration by notification
- § 11-503 - Registration by coordination
- § 11-504 - Registration by qualification
- § 11-505 - Filing of registration statement
- § 11-506 - Filing fee
- § 11-507 - Matters required to be specified in registration statement
- § 11-508 - Effective period of registration statement; withdrawal of registration statement; abandonment of registration statement
- § 11-509 - Reports by person filing registration statement
- § 11-510 - Amendment of registration statement to increase securities proposed to be offered
- § 11-511 - Denial, suspension, and revocation of registration
- § 11-512 - Summary postponement or suspension
- § 11-513 - Prerequisites to stop order
- § 11-514 - Vacation or modification of stop order
- § 11-601 - Exempt securities
- § 11-602 - Exempt transactions
- § 11-603 - Denial or revocation of exemption
- § 11-604 - Burden of proof
- § 11-701 - Investigations and subpoenas
- § 11-702 - Remedies
- § 11-703 - Civil liabilities
- § 11-704 - Judicial review of orders
- § 11-705 - Penalties
- § 11-801 - Scope of title
- § 11-802 - Appointment of attorney to receive service of process
- § 11-803 - Securities sold or disposed of before June 1, 1962
- § 11-804 - Uniformity of interpretation
- § 11-805 - Short title
- § 11-901 to 11-908 - Corporate take-over offers.
- § 12-101 - Definitions
- § 12-102 - Applicable law; tax classification; income tax exemption
- § 12-103 - Separate legal entity
- § 12-104 - Short title
- § 12-105 - Construction
- § 12-201 - Nature of statutory trust
- § 12-202 - Perpetual existence; dissolution; winding up; claims and obligations
- § 12-203 - Principal office; resident agent
- § 12-204 - Certificate of trust -- In general
- § 12-205 - Certificate of trust -- Execution, filing, recordation, etc.
- § 12-206 - Name
- § 12-207 - Governing instrument
- § 12-208 - Responsibilities of trustees
- § 12-301 - Consideration; obligations; penalties upon failure to make contribution
- § 12-302 - Liability; defenses
- § 12-303 - Beneficial interests
- § 12-304 - Indemnification
- § 12-305 - Information access
- § 12-306 - Meetings; actions; consent; affirmative vote
- § 12-401 - Trustee management; limitation on duties and liabilities of others
- § 12-402 - Trustee liability; restrictions on liability expansion or limitations in governing instrument
- § 12-403 - Indemnification
- § 12-404 - Meetings; actions; consent; affirmative vote
- § 12-405 - Investment company
- § 12-501 - Service of process; jurisdiction; attachment; seizure of certain assets
- § 12-601 - Authorization
- § 12-602 - Approval
- § 12-603 - Exchange of securities; termination or amendment of merger
- § 12-604 - Articles of merger -- Filing
- § 12-605 - Articles of merger or consolidation -- Contents
- § 12-606 - Effective date
- § 12-607 - Governing instrument
- § 12-608 - Certificates of merger or consolidation
- § 12-609 - Property certificates
- § 12-610 - Consummation of merger or consolidation
- § 12-611 - Dissolution and winding up
- § 12-701 - Authorized
- § 12-801 - Annual obligations; proclamation of forfeiture upon failure to fulfill
- § 12-802 - Notice of proclamation; cure
- § 12-803 - Correction of mistaken proclamation
- § 12-804 - Construction of subtitle with other laws
- § 12-805 - Certificate of reinstatement -- Application
- § 12-806 - Certificate of reinstatement -- Contents
- § 12-807 - Certificate of reinstatement -- Acceptance
- § 12-808 - Certificate of reinstatement -- Evidentiary effect
- § 12-809 - Violation; penalty; limitation
- § 12-810 - Survivability of contracts and legal defenses
- § 12-901 - Law governing
- § 12-902 - Registration
- § 12-903 - Name
- § 12-904 - Changes and amendments
- § 12-905 - Cancellation of registration
- § 12-906 - Doing business without registration
- § 12-907 - Action by Attorney General
- § 12-908 - Doing business
- § 12-909 - Assent to State laws
- § 12-910 - Compliance with subtitle is not consent to suit
- § 12-911 - Law governing merger
- § 12-912 - Forfeiture of right to do business
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.
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