Section 5-112 - Electing to be professional corporation. - Maryland Statutes

§ 5-112. Electing to be professional corporation.
 

(a)  In general.- A corporation may elect to be a professional corporation under this subtitle by including in the articles of incorporation a statement that: 

(1) The corporation is a professional corporation; and 

(2) The corporation's purpose is to render the professional services specified. 

(b)  Amending articles of incorporation.- A corporation incorporated in the State may elect professional corporation status by amending its articles of incorporation to comply with subsection (a) of this section and §§ 5-106 through 5-108 of this subtitle. 

(c)  Preexisting professional corporations.- A corporation that, prior to the effective date of this subtitle, was a duly organized professional corporation in the State shall be deemed a duly organized professional corporation under this subtitle. 
 

[1993, ch. 413, § 2; 1994, ch. 3, § 1; 1997, ch. 14, § 1.]