§ 4-501. Restriction on issuance or sale of stock

MD Corp & Assn Code § 4-501 (2019) (N/A)
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If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:

(1)    Approved by the affirmative vote of the holders of all outstanding stock; or

(2)    Permitted by a unanimous stockholders’ agreement.