Section 5-118 - Proxy; voting trusts(a) Only a qualified person may be appointed a proxy to vote stock of a professional corporation.(b) A voting trust with respect to stock of a professional corporation is not valid unless all of the trustees of the trust are stockholders of the professional corporation.(c) Stock in a professional corporation may not be transferred into a trust, unless:(1) All settlors of the trust remain stockholders of the professional corporation for the duration of the trust; and(2) All trustees of the trust are individuals licensed in the State to render the professional service named in the professional corporation's articles of incorporation.(d)(1) If a settlor of stock in a professional corporation in a trust ceases to be a stockholder in the corporation, the settlor shall be a disqualified stockholder and the corporation shall acquire the stock held by the trust.(2) An acquisition of stock under paragraph (1) of this subsection shall be made under §§ 5-113 through 5-115 of this subtitle.