Md. Code Ann., Corps. & Ass'ns § 5-6C-03
Election of status as benefit corporation
Effective Jun 1, 2012Added by Acts 2010, c. 97, § 1, eff. Oct. 1, 2010; Acts 2010, c. 98, § 1, eff. Oct. 1, 2010. Amended by Acts 2011, c. 500, § 2, eff. June 1, 2011; Acts 2011, c. 501, § 2, eff. June 1, 2011; Acts 2012, c. 135, § 1, eff. June 1, 2012.State of Maryland
- (a) A corporation may elect to be a benefit corporation under this subtitle by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation.
- (b) An amendment described in subsection (a) of this section shall be approved in accordance with Title 2, Subtitle 6 of this article.
- (c) The name of a domestic benefit corporation or a foreign benefit corporation authorized to transact business in the State must comply with Title 1, Subtitle 5 of this article.
Added by Acts 2010, c. 97, § 1, eff. Oct. 1, 2010; Acts 2010, c. 98, § 1, eff. Oct. 1, 2010. Amended by Acts 2011, c. 500, § 2, eff. June 1, 2011; Acts 2011, c. 501, § 2, eff. June 1, 2011; Acts 2012, c. 135, § 1, eff. June 1, 2012.