Md. Code, Corporations and Associations § 5-6C-02
This is the official text of Md. Code, Corporations and Associations § 5-6C-02, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–6C–02.
Official statutory text
(a) The provisions of the Maryland General Corporation Law apply to benefit corporations except to the extent that:
(1) The context of a provision clearly requires otherwise; or
(2) A specific provision of this subtitle or another provision of law governing specific classes of corporations provides otherwise.
(b) This subtitle applies only to benefit corporations.
(c) (1) The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a corporation that is not a benefit corporation.
(2) This subtitle does not affect any statute or rule of law as it applies to a corporation that is not a benefit corporation.
(d) A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.
(1) The context of a provision clearly requires otherwise; or
(2) A specific provision of this subtitle or another provision of law governing specific classes of corporations provides otherwise.
(b) This subtitle applies only to benefit corporations.
(c) (1) The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a corporation that is not a benefit corporation.
(2) This subtitle does not affect any statute or rule of law as it applies to a corporation that is not a benefit corporation.
(d) A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.
Status: in_force · Read it on the official government site
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