Required references to close corporation status

1. Law
2. Maryland Code
3. Corporations and Associations
4. Close Corporations
5. Election to Be a Close Corporation
6. Required references to close corporation status

    (a)    Clear reference to the fact that the corporation is a close corporation shall appear prominently:

        (1)    At the head of the charter document in which the election to be a close corporation is made;

        (2)    In each subsequent charter document of the corporation; and

        (3)    On each certificate representing outstanding stock of the corporation.

    (b)    The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.

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