§ 5–6C-03
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-6C-03 (2026)
Title 5. Special Types of Corporations
Subtitle 6C. Benefit Corporations
§ 5–6C-03LinkCopy Citation
(a)
A corporation may elect to be a benefit corporation under this subtitle by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation.
(b)
An amendment described in subsection (a) of this section shall be approved in accordance with Title 2, Subtitle 6 of this article.
(c)
The name of a domestic benefit corporation or a foreign benefit corporation authorized to transact business in the State must comply with Title 1, Subtitle 5 of this article.