Md. Code, Corporations and Associations § 4-501

Md. Code, Corporations and Associations § 4-501
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is: (1) Approved by the affirmative vote of the holders of all outstanding stock; or (2) Permitted by a unanimous stockholders’ agreement.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=4-501&enactments=falseFetched: 10/16/2026

Starting a business in Maryland? Maryland LLC guide: costs and requirements