{"data":{"id":"us-md/md.-code-corporations-and-associations-4-201","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 4–201","heading":"","body":"(a) A corporation may elect to be a close corporation under this title by including in its charter a statement that it is a close corporation.\n(b) The statement that a corporation is a close corporation shall be:\n(1) Contained in the articles of incorporation originally filed with the Department; or\n(2) Added to the charter by an amendment which is approved:\n(i) Under the provisions of § 2-603 of this article, if at the time of the adoption of the amendment no stock of the corporation is either outstanding or subscribed for; or\n(ii) By the affirmative vote of every stockholder and every subscriber for stock of the corporation.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=4-201","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"1e186a3274eabcd247702ec99c66653b8d0b0494bcfa649eaccfa37df1da93a5","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-4-102","next":"us-md/md.-code-corporations-and-associations-4-202"},"notice":"GroundRules: Original legal text. Not legal advice."}