§ 2-305
54 words·~1 min read·
/md/corporations-and-associations/2-305·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§2–305.
The corporation may pay or allow out of the consideration received by it for its stock, the reasonable charges and expenses of its organization or reorganization and the reasonable compensation for the sale or underwriting of its stock, without rendering the stock not full paid and nonassessable and without impairing the stated capital.