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2022 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 6C - Benefit Corporations
Section 5-6C-04 - Termination of Status as Benefit Corporation
Universal Citation:
MD Corporations and Associations Code § 5-6C-04 (2022)
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(a) A corporation may terminate status as a benefit corporation and cease to be subject to this subtitle by amending the charter of the corporation to delete the statement that the corporation is a benefit corporation.
(b) An amendment terminating a corporation’s status as a benefit corporation shall be approved by the stockholders of the corporation in accordance with Title 2, Subtitle 6 of this article.
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