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Code · Maryland · Corporations and Associations

§ 5-124

140 words·~1 min read·/md/corporations-and-associations/5-124·

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§5–124.
The Attorney General may commence a proceeding under § 3-513 of this article to dissolve a professional corporation if:
(1)The Department or a licensing unit with jurisdiction over a professional service described in the corporation’s articles of incorporation serves written notice on the corporation that it has violated or is violating a provision of this subtitle;
(2)The corporation does not, within 60 days after service of the notice, correct the alleged violation or demonstrate to the Department or licensing authority that the violation has not occurred; and
(3)The Department or licensing unit certifies to the Attorney General:
(i)A description of the violation;
(ii)That it notified the corporation of the violation; and
(iii)That within 60 days after service of notice, the corporation did not correct the violation or demonstrate that it did not occur.
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