§ 5-6C-02

Maryland § 5-6C-02

• Jurisdiction: Maryland
• Article gca: Corporations and Associations
• Title: 5

Text

(a) 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) This subtitle applies only to benefit corporations.

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