§ 5-6C-02. Applicability of provisions

   (a) Maryland General Corporation Law. -- 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) Applicability of subtitle. -- This subtitle applies only to benefit corporations.

(c) Effect of subtitle on other provisions. --

   (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) Inconsistent provisions of charter or bylaws prohibited. -- A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.

HISTORY: 2010, chs. 97, 98.