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Maryland · Through 2026-01-01

Md. Code, Corporations and Associations § 5–702

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Where this section sits in the code
  1. Article - Corporations and Associations

(a) A charitable or religious Maryland nonstock corporation may petition a court of equity for a decree under § 5–209 of this title if:

(1) The dissolution of the corporation involves provisions for disposition of assets under § 5–208(b)(2) or (3) of this title; or

(2) A consolidation, merger, or transfer of assets of the corporation under § 5–207 of this title involves similar provisions for the successor corporation.

(b) The failure to petition a court of equity and obtain a decree does not affect the otherwise valid actions of the corporation in dissolution, consolidation, or merger, or in a transfer of assets.

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

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