Md. Code, Corp. & Ass'ns § 5-6C-02

Current with changes from the 2024 Legislative Session
Section 5-6C-02 - Applicability of provisions
(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.

Md. Code, CA § 5-6C-02