{"data":{"id":"us-md/md.-code-corporations-and-associations-5-111","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–111","heading":"","body":"(a) A stockholder of a professional corporation may transfer or pledge stock, fractional stock, and rights or options to purchase stock of the corporation only to a qualified person.\n(b) A transfer of stock made in violation of subsection (a) of this section, except a transfer made by operation of law or by court judgment, is void.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-111","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"18493cb21535e1cd79f34408152da40ea5b1f4d61432ea9882d61cdedfd1b68f","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-110","next":"us-md/md.-code-corporations-and-associations-5-112"},"notice":"GroundRules: Original legal text. Not legal advice."}