Title 4. Close Corporations — Subtitle 1. Definitions; General Provisions
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4-101 (2026)
Title 4. Close Corporations
Subtitle 1. Definitions; General Provisions
§ 4–101LinkCopy 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.
Md. Code Ann., Corps. & Ass'ns § 4-102 (2026)
Title 4. Close Corporations
Subtitle 1. Definitions; General Provisions
§ 4–102LinkCopy Citation
Notwithstanding any contrary provision of law, an individual who holds more than one office in a close corporation may act in more than one capacity to execute, acknowledge, or verify any instrument required to be executed, acknowledged, or verified by more than one officer.