§ 5-124. Proceeding to dissolve professional corporation

MD Corp & Assn Code § 5-124 (2019) (N/A)
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The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:

(1)    The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;

(2)    The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and

(3)    The Department or licensing unit certifies to the Attorney General:

(i)    A description of the violation;

(ii)    That it notified the corporation of the violation; and

(iii)    That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.