Md. Code, Corporations and Associations § 5-701
This is the official text of Md. Code, Corporations and Associations § 5-701, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§5–701.
Official statutory text
Any provision in the charter of a charitable or benevolent Maryland corporation existing on June 1, 1951, whether incorporated under any public general law or special act of the State, purporting to limit or restrict the tenure or enjoyment of property or income is ineffective to limit or restrict the right of the corporation to hold, enjoy, use, and deal with any property and income in any way.
Status: in_force · Read it on the official government site
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