§ 3–406
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-406 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 4. Dissolution
§ 3–406LinkCopy Citation
(a)
In the case of voluntary dissolution, the articles of dissolution shall include:
(1)
The name of the corporation and the address of its principal office;
(2)
The name and address of a resident agent of the corporation who shall serve for one year after dissolution and until the affairs of the corporation are wound up;
(3)
The name and address of each director of the corporation;
(4)
The name, title, and address of each officer of the corporation;
(5)
A statement that dissolution of the corporation was approved in the manner and by the vote required by law and by the charter of the corporation, and a statement of the manner of approval;
(6)
A statement that notice of the approved dissolution was mailed to all known creditors of the corporation and the date of the mailing, or a statement that the corporation has no known creditors;
(7)
All other provisions which the corporation considers necessary to dissolve; and
(8)
A statement that the corporation is dissolved.
(b)
(1)
If the dissolution is authorized under § 3-402 of this subtitle, a majority of the incorporators or a majority of the entire board of directors, as the case may be, shall execute articles of dissolution for the corporation in the manner required by Title 1 of this article.
(2)
In all other cases, articles of dissolution shall be executed by the persons and in the manner required by Title 1 of this article.