§ 5–132
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-132 (2026)
Title 5. Special Types of Corporations
Subtitle 1. Professional Service Corporations
§ 5–132LinkCopy Citation
A licensing unit may direct the Department to suspend or revoke the articles of incorporation of a professional corporation if:
(1)
All stockholders of the professional corporation have at any one time become disqualified persons;
(2)
The professional corporation knowingly employs or retains in its employment a licensed person who, for any reason, becomes legally disqualified to render the professional service that the professional corporation was organized to render;
(3)
The professional corporation violates any applicable rule or regulation adopted by the licensing unit regulating a profession named in the professional corporation’s articles of incorporation; or
(4)
The professional corporation violates any statute applicable to a professional corporation.