§ 4-502

Md. Code Ann., Corps. & Ass'ns § 4-502

Limitations, certain outstanding securities

Effective Jul 1, 1975Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.State of Maryland

(1) Securities which are convertible into its stock;
(2) Voting securities other than stock; or
(3) Options, warrants, or other rights to subscribe for or purchase any of its stock, unless they are nontransferable.

A close corporation may not have outstanding any:

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.

Formerly Art. 23, § 102.