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Maryland · Through 2026-01-01

Md. Code, Corporations and Associations § 5–132

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  1. Article - Corporations and Associations

A licensing unit may direct the Department to suspend or revoke the articles of incorporation of a professional corporation if:

(1) All stockholders of the professional corporation have at any one time become disqualified persons;

(2) The professional corporation knowingly employs or retains in its employment a licensed person who, for any reason, becomes legally disqualified to render the professional service that the professional corporation was organized to render;

(3) The professional corporation violates any applicable rule or regulation adopted by the licensing unit regulating a profession named in the professional corporation’s articles of incorporation; or

(4) The professional corporation violates any statute applicable to a professional corporation.

Collected 2026-09-14T19:56:43Z. Source file · JSON

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