§ 5-111. Transfer of stock

MD Corp & Assn Code § 5-111 (2019) (N/A)
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(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.