Maryland Statutes

§ 5-111

Maryland·Article gca Corporations and Associations·Title 5
(a)A stockholder of a professional corporation may transfer or pledge stock, fractional stock, and rights or options to purchase stock of the corporation only to a qualified person.
(b)A transfer of stock made in violation of subsection (a) of this section, except a transfer made by operation of law or by court judgment, is void.

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