Unannotated Code of Maryland (Last Updated: May 16, 2014) |
CORPORATIONS AND ASSOCIATIONS |
TITLE 5. SPECIAL TYPES OF CORPORATIONS |
SUBTITLE 1. PROFESSIONAL SERVICE CORPORATIONS |
§ 5-110. Statement on stock certificate
Latest version.
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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."