§ 2–305
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 2-305 (2026)
Title 2. Corporations in General -- Formation, Organization, and Operation
Subtitle 3. Capital Accounts, Dividends, and Retirement of Shares
§ 2–305LinkCopy Citation
The corporation may pay or allow out of the consideration received by it for its stock, the reasonable charges and expenses of its organization or reorganization and the reasonable compensation for the sale or underwriting of its stock, without rendering the stock not full paid and nonassessable and without impairing the stated capital.