Statutes > Maryland Statutes > CORPORATIONS AND ASSOCIATIONS > TITLE 4 - CLOSE CORPORATIONS > Subtitle 2 - Election to Be a Close Corporation > Section 4-203 - Removal of statement from charter.

Section 4-203 - Removal of statement from charter.

§ 4-203. Removal of statement from charter.
  

The charter of a close corporation may be amended to remove the statement of election to be a close corporation, but only by the affirmative vote of every stockholder and every subscriber for stock of the corporation. 
 

[An. Code 1957, art. 23, § 100; 1975, ch. 311, § 2.]