§ 5-111

Md. Code, Corporations and Associations § 5-111, under Article — Corporations and Associations.

Md. Code, Corporations and Associations § 5-111

(a) A stockholder of a professional corporation may transfer or pledge stock, fractional stock, and rights or options to purchase stock of the corporation only to a qualified person.

(b) A transfer of stock made in violation of subsection (a) of this section, except a transfer made by operation of law or by court judgment, is void.