§ 5–111
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-111 (2026)
Title 5. Special Types of Corporations
Subtitle 1. Professional Service Corporations
§ 5–111LinkCopy Citation
(a)
A stockholder of a professional corporation may transfer or pledge stock, fractional stock, and rights or options to purchase stock of the corporation only to a qualified person.
(b)
A transfer of stock made in violation of subsection (a) of this section, except a transfer made by operation of law or by court judgment, is void.