2017 Maryland Code
Corporations and Associations
Title 4 - Close Corporations
Subtitle 1 - Definitions; General Provisions
§ 4-101. Definitions

  • (a) In general. -- In this title the following words have the meanings indicated.
  • (b) Close corporation. -- "Close corporation" means a corporation which elects to be a close corporation in accordance with ยง 4-201 of this title.
  • (c) Unanimous stockholders' agreement. -- "Unanimous stockholders' agreement" means an agreement to which every stockholder of a close corporation actually has assented and which is contained in its charter or bylaws or in a written instrument signed by all the stockholders.
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