§ 5-6C-04

Md. Code, Corporations and Associations § 5-6C-04, under Article — Corporations and Associations.

Md. Code, Corporations and Associations § 5-6C-04

(a) A corporation may terminate status as a benefit corporation and cease to be subject to this subtitle by amending the charter of the corporation to delete the statement that the corporation is a benefit corporation.

(b) An amendment terminating a corporation’s status as a benefit corporation shall be approved by the stockholders of the corporation in accordance with Title 2, Subtitle 6 of this article.