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2021 Maryland Statutes
Human Services
Title 11 - Maryland Legal Services Corporation
Subtitle 4 - Funding
Section 11-406 - Disposition of Assets on Liquidation
Universal Citation:
MD Human Services Code Ann. § 11-406 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
On the liquidation, dissolution, or winding up of the Corporation, after payment of the obligations and liabilities of the Corporation, all of the assets of the Corporation shall be transferred to one or more corporations or associations that:
(1) have a character or purpose similar to the Corporation’s;
(2) are selected by the Board; and
(3) qualify under § 501(c)(3) of the Internal Revenue Code.
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