2013 Maryland Code
§ 5-110 - Statement on stock certificate

MD Corp & Assn Code § 5-110 (2013) What's This?


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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