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Md. Code Ann., Corps. & Ass'ns § 5-110

Known as the Maryland Professional Service Corporation Act

The act spans §§ 5–5 (34 sections).

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 Act 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.”

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.