§ 5–702
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-702 (2026)
Title 5. Special Types of Corporations
Subtitle 7. Miscellaneous
§ 5–702LinkCopy Citation
(a)
A charitable or religious Maryland nonstock corporation may petition a court of equity for a decree under § 5–209 of this title if:
(1)
The dissolution of the corporation involves provisions for disposition of assets under § 5–208(b)(2) or (3) of this title; or
(2)
A consolidation, merger, or transfer of assets of the corporation under § 5–207 of this title involves similar provisions for the successor corporation.
(b)
The failure to petition a court of equity and obtain a decree does not affect the otherwise valid actions of the corporation in dissolution, consolidation, or merger, or in a transfer of assets.