The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation:

“The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act¹ and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation.”

Added by Acts 1993, c. 413, § 2.

Corporations and Associations, § 5-101 et seq.