Section 5-111 - Transfer of stock. - Maryland Statutes

§ 5-111. Transfer of stock.
 

(a)  In general.- 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)  Void transfers.- 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. 
 

[1993, ch. 413, § 2.]