Md. Code, Human Services § 11-405

Md. Code, Human Services § 11-405
in effect
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(a) (1) This subsection does not apply to reasonable compensation paid for services rendered to or for the Corporation. (2) Net earnings of the Corporation may not inure to the benefit of any individual. (b) An individual may not share in the distribution of corporate assets on dissolution of the Corporation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ghu&section=11-405&enactments=falseFetched: 10/17/2026

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