State Codes and Statutes
Statutes > Maryland > Corporations-and-associations > Title-5 > Subtitle-1 > 5-111§ 5-111. Transfer of stock.
(a) In general.- 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) Void transfers.- 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.
[1993, ch. 413, § 2.]
