{"data":{"id":"us-md/md.-code-corporations-and-associations-5-132","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–132","heading":"","body":"A licensing unit may direct the Department to suspend or revoke the articles of incorporation of a professional corporation if:\n(1) All stockholders of the professional corporation have at any one time become disqualified persons;\n(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;\n(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\n(4) The professional corporation violates any statute applicable to a professional corporation.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-132","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"3ae314e691030b7fb60886e7feca2c9db07df7c470805609ca9102c06b020451","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-131","next":"us-md/md.-code-corporations-and-associations-5-133"},"notice":"GroundRules: Original legal text. Not legal advice."}