§ 4–501
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4-501 (2026)
Title 4. Close Corporations
Subtitle 5. Stock Restrictions
§ 4–501LinkCopy Citation
If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:
(1)
Approved by the affirmative vote of the holders of all outstanding stock; or
(2)
Permitted by a unanimous stockholders’ agreement.