{"data":{"id":"us-md/md.-code-corporations-and-associations-4-501","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 4–501","heading":"","body":"If there is any stock of a close corporation outstanding, the corporation may not issue or sell any of its stock, including treasury stock, unless the issuance or sale is:\n(1) Approved by the affirmative vote of the holders of all outstanding stock; or\n(2) Permitted by a unanimous stockholders’ agreement.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=4-501","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"f37cd488d794ec0d8c48e24155be39abde9740d9d3b075f9a99f5854d03fa919","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-4-404","next":"us-md/md.-code-corporations-and-associations-4-502"},"notice":"GroundRules: Original legal text. Not legal advice."}