Section 5-110 - Statement on stock certificate. - Maryland Statutes

§ 5-110. Statement on stock certificate.
 

The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation: 
 

"The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation." 
 

[1993, ch. 413, § 2.]