Md. Code, Human Services § 11-406
This is the official text of Md. Code, Human Services § 11-406, part of Maryland’s Code, Human Services — governs state social service programs.
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§11–406.
Official statutory text
On the liquidation, dissolution, or winding up of the Corporation, after payment of the obligations and liabilities of the Corporation, all of the assets of the Corporation shall be transferred to one or more corporations or associations that:
(1) have a character or purpose similar to the Corporation’s;
(2) are selected by the Board; and
(3) qualify under § 501(c)(3) of the Internal Revenue Code.
(1) have a character or purpose similar to the Corporation’s;
(2) are selected by the Board; and
(3) qualify under § 501(c)(3) of the Internal Revenue Code.
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