§ 5-509
43 words·~1 min read·
/md/corporations-and-associations/5-509·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–509.
A stock certificate may not be issued to any subscriber until the stock is full paid. In a cooperative organized without capital stock, a certificate of membership may not be issued to any person until the membership fee is paid in full.