Md. Code, Corporations and Associations § 5-207
This is the official text of Md. Code, Corporations and Associations § 5-207, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§5–207.
Official statutory text
(a) (1) A nonstock corporation may consolidate or merge only with another nonstock corporation.
(2) A Maryland nonstock corporation may convert only into a foreign corporation that does not have the authority to issue stock.
(3) A foreign corporation that does not have the authority to issue stock:
(i) May convert into a Maryland nonstock corporation; and
(ii) May not convert into a Maryland corporation that has the authority to issue stock.
(b) A consolidation, merger, transfer of assets, or conversion of a nonstock corporation shall be effected as provided in Title 3 of this article.
(c) Notwithstanding § 3–105(e) of this article, a proposed consolidation, merger, transfer of assets, or conversion of a nonstock corporation organized to hold title to property for a labor organization, and for related purposes, shall be approved by the same affirmative vote of the members of the corporation that the constitution or bylaws of the labor organization requires for the same action.
(2) A Maryland nonstock corporation may convert only into a foreign corporation that does not have the authority to issue stock.
(3) A foreign corporation that does not have the authority to issue stock:
(i) May convert into a Maryland nonstock corporation; and
(ii) May not convert into a Maryland corporation that has the authority to issue stock.
(b) A consolidation, merger, transfer of assets, or conversion of a nonstock corporation shall be effected as provided in Title 3 of this article.
(c) Notwithstanding § 3–105(e) of this article, a proposed consolidation, merger, transfer of assets, or conversion of a nonstock corporation organized to hold title to property for a labor organization, and for related purposes, shall be approved by the same affirmative vote of the members of the corporation that the constitution or bylaws of the labor organization requires for the same action.
Status: in_force · Read it on the official government site
Dealing with a business matter in Maryland?
See all Maryland Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.