Md. Code, Corporations and Associations § 5-124
This is the official text of Md. Code, Corporations and Associations § 5-124, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–124.
Official statutory text
The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:
(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
(3) The Department or licensing unit certifies to the Attorney General:
(i) A description of the violation;
(ii) That it notified the corporation of the violation; and
(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.
(1) The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
(2) The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
(3) The Department or licensing unit certifies to the Attorney General:
(i) A description of the violation;
(ii) That it notified the corporation of the violation; and
(iii) That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.
Status: in_force · Read it on the official government site
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