2020 Maryland Statutes
Corporations and Associations
Title 4 - Close Corporations
Subtitle 1 - Definitions; General Provisions
Section 4-101 - Definitions

Universal Citation:
MD. Corporations and Associations Code Ann. § 4-101 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    In this title the following words have the meanings indicated.

    (b)    “Close corporation” means a corporation which elects to be a close corporation in accordance with § 4-201 of this title.

    (c)    “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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