§ 4-202. Required references to close corporation status

MD Corp & Assn Code § 4-202 (2019) (N/A)
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(a)    Clear reference to the fact that the corporation is a close corporation shall appear prominently:

(1)    At the head of the charter document in which the election to be a close corporation is made;

(2)    In each subsequent charter document of the corporation; and

(3)    On each certificate representing outstanding stock of the corporation.

(b)    The status of a corporation as a close corporation is not affected by the failure of any charter document or stock certificate to contain the reference required by this section.