§ 1-502. Requirements

MD Corp & Assn Code § 1-502 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    (1)    The name of a corporation must include one of the following words or an abbreviation of one of the following words:

(i)    “Company”, if it is not preceded by the word “and” or a symbol for the word “and”;

(ii)    “Corporation”;

(iii)    “Incorporated”; or

(iv)    “Limited”.

(2)    If a corporation is a benefit corporation, the name of the benefit corporation must include:

(i)    The words “benefit corporation”;

(ii)    “Benefit Corp.”;

(iii)    The words “benefit company”, if not preceded by the word “and” or a symbol for the word “and”; or

(iv)    “Benefit Co.”, if not preceded by the word “and” or a symbol for the word “and”.

(b)    (1)    The name of a limited liability company must include:

(i)    The words “limited liability company”;

(ii)    “L.L.C.”;

(iii)    “LLC”;

(iv)    “L.C.”; or

(v)    “LC”.

(2)    If a limited liability company is a benefit limited liability company, the name of the benefit limited liability company must include:

(i)    The words “benefit limited liability company”;

(ii)    “Benefit L.L.C.”;

(iii)    “Benefit LLC”;

(iv)    “Benefit L.C.”; or

(v)    “Benefit LC”.

(c)    The name of a limited liability partnership must include:

(1)    The words “limited liability partnership”;

(2)    “L.L.P.”; or

(3)    “LLP”.

(d)    The name of a limited partnership must include:

(1)    The words “limited partnership”;

(2)    “L.P.”; or

(3)    “LP”.

(e)    The name of a limited liability limited partnership must include:

(1)    The words “limited liability limited partnership”;

(2)    “L.L.L.P.”; or

(3)    “LLLP”.

(f)    (1)    The corporate name of a professional corporation must include:

(i)    The word “chartered”;

(ii)    The abbreviation “chtd.”;

(iii)    The words “professional association”;

(iv)    The abbreviation “P.A.”;

(v)    The words “professional corporation”; or

(vi)    The abbreviation “P.C.”.

(2)    A professional corporation need not use any word specified under paragraph (1) of this subsection if:

(i)    The corporation has registered the name to be used in the manner provided in § 1–406 of this title; and

(ii)    The name is the same as its corporate name except for the allowable omissions.