Md. Code, Corporations and Associations § 4-501
This is the official text of Md. Code, Corporations and Associations § 4-501, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4–501.
Official statutory text
If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:
(1) Approved by the affirmative vote of the holders of all outstanding stock; or
(2) Permitted by a unanimous stockholders’ agreement.
(1) Approved by the affirmative vote of the holders of all outstanding stock; or
(2) Permitted by a unanimous stockholders’ agreement.
Status: in_force · Read it on the official government site
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