Maryland Statutes
§ 3-402
(a)If there is no stock entitled to be voted on the dissolution either outstanding or subscribed for, the dissolution shall be approved as provided in this section.
(b)If the action is taken before the organization meeting of the board of directors, the dissolution shall be approved by resolution of a majority of the incorporators.
(c)If the action is taken after the organization meeting of the board of directors, the dissolution shall be approved by resolution of a majority of the entire board of directors.
Free access — add to your briefcase to read the full text and ask questions with AI
Maryland § 3-402 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.