# Corporations and Associations (GCA)

## Title 4. Close Corporations

### Subtitle 2. Election to Be a Close Corporation

#### Section 4-202

(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.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)