Md. Code, Corp. & Ass'ns § 5-509

Current with changes from the 2024 Legislative Session

Section 5-509 - Payment by subscriber before certificate of stock or membership issued

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.

Md. Code, CA § 5-509