Md. Code, Corporations and Associations § 4-202
This is the official text of Md. Code, Corporations and Associations § 4-202, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4–202.
Official statutory text
(a) Clear reference to the fact that the corporation is a close corporation shall appear prominently:
(1) At the head of the charter document in which the election to be a close corporation is made;
(2) In each subsequent charter document of the corporation; and
(3) On each certificate representing outstanding stock of the corporation.
(b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.
(1) At the head of the charter document in which the election to be a close corporation is made;
(2) In each subsequent charter document of the corporation; and
(3) On each certificate representing outstanding stock of the corporation.
(b) The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.
Status: in_force · Read it on the official government site
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