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Md. Code Ann., Corps. & Ass'ns § 5-112

Known as the Maryland Professional Service Corporation Act

The act spans §§ 5–5 (34 sections).

(a) A corporation may elect to be a professional corporation under this subtitle by including in the articles of incorporation a statement that:

(1) The corporation is a professional corporation; and

(2) The corporation’s purpose is to render the professional services specified.

(b) A corporation incorporated in the State may elect professional corporation status by amending its articles of incorporation to comply with subsection (a) of this section and §§ 5-106 through 5-108 of this subtitle.

(c) A corporation that, prior to the effective date of this subtitle, was a duly organized professional corporation in the State shall be deemed a duly organized professional corporation under this subtitle.

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