1. (a) A charitable or religious Maryland nonstock corporation may petition a court of equity for a decree under § 5-209 of this title if:

   1. (1) The dissolution of the corporation involves provisions for disposition of assets under § 5-208(b)(2) or (3) of this title; or
   2. (2) A consolidation, merger, or transfer of assets of the corporation under § 5-207 of this title involves similar provisions for the successor corporation.
2. (b) The failure to petition a court of equity and obtain a decree does not affect the otherwise valid actions of the corporation in dissolution, consolidation, or merger, or in a transfer of assets.

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1997, c. 31, § 10, eff. Oct. 1, 1997.

Formerly Art. 23, § 136B.