§ 4–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4-202 (2026)
Title 4. Close Corporations
Subtitle 2. Election to Be a Close Corporation
§ 4–202LinkCopy Citation
(a)
Clear reference to the fact that the corporation is a close corporation shall appear prominently:
(1)
At the head of the charter document in which the election to be a close corporation is made;
(2)
In each subsequent charter document of the corporation; and
(3)
On each certificate representing outstanding stock of the corporation.
(b)
The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.