Md. Code, Corp. & Ass'ns § 5-110

Current with changes from the 2024 Legislative Session
Section 5-110 - Statement on stock certificate

The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation:

"The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation."

Md. Code, CA § 5-110