§ 5-6C-02. Applicability of provisions

MD Corp & Assn Code § 5-6C-02 (2019) (N/A)
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(a)    The provisions of the Maryland General Corporation Law apply to benefit corporations except to the extent that:

(1)    The context of a provision clearly requires otherwise; or

(2)    A specific provision of this subtitle or another provision of law governing specific classes of corporations provides otherwise.

(b)    This subtitle applies only to benefit corporations.

(c)    (1)    The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a corporation that is not a benefit corporation.

(2)    This subtitle does not affect any statute or rule of law as it applies to a corporation that is not a benefit corporation.

(d)    A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.