§ 5-702
104 words·~1 min read·
/md/corporations-and-associations/5-702·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–702.
(a)A charitable or religious Maryland nonstock corporation may petition a court of equity for a decree under § 5–209 of this title if:
(1)The dissolution of the corporation involves provisions for disposition of assets under § 5–208(b)(2) or
(3)of this title; or
(2)A consolidation, merger, or transfer of assets of the corporation under § 5–207 of this title involves similar provisions for the successor corporation.
(b)The failure to petition a court of equity and obtain a decree does not affect the otherwise valid actions of the corporation in dissolution, consolidation, or merger, or in a transfer of assets.