{"data":{"id":"us-md/md.-code-corporations-and-associations-5-404","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 5–404","heading":"","body":"The provisions of §§ 5-402 and 5-403 of this subtitle do not apply to any private foundation to the extent that a court of competent jurisdiction, under a judicial proceeding begun by the private foundation before January 1, 1972, determines that:\n(1) The application of these sections is contrary to the terms of the charter or other instrument governing the private foundation or the administration of charitable funds held by it; and\n(2) The charter or other governing instrument may not properly be changed to conform to these sections.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=5-404","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"21feb7a56cbb2bd7cbbccafb202b1595185f87de7af93ae7e0b3c7b561f040d2","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-5-403","next":"us-md/md.-code-corporations-and-associations-5-405"},"notice":"GroundRules: Original legal text. Not legal advice."}