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Section 5-110 - Statement on Stock Certificate — Maryland Law | CourtGPT
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  7. Section 5-110 - Statement on Stock Certificate
Maryland Legal Code

Section 5-110 - Statement on Stock Certificate

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The following statement must appear in conspicuous type on each stock certificate issued by a professional corporation: 'The transfer of stock of a professional corporation is restricted by the Maryland Professional Service Corporation Act and is subject to further restriction imposed from time to time by the licensing unit. Stock of a professional corporation is also subject to a statutory compulsory repurchase obligation.'