Md. Code Ann., Corps. & Ass'ns § 2-101
Permissible corporate purposes
Effective Oct 1, 2024Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2024, c. 608, § 1, eff. Oct. 1, 2024; Acts 2024, c. 609, § 1, eff. Oct. 1, 2024.State of Maryland
- (a) Except as otherwise expressly provided by law, a corporation may be formed under this title for any lawful purposes.
- (b) If the purpose for which a corporation is organized or its form makes it subject to a special provision of law, the corporation also shall comply with that provision.
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2024, c. 608, § 1, eff. Oct. 1, 2024; Acts 2024, c. 609, § 1, eff. Oct. 1, 2024.
Formerly Art. 23, § 3.