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Section 11-405 - Restrictions on Disposition of Corporate Earnings — Maryland Law | CourtGPT
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  7. Section 11-405 - Restrictions on Disposition of Corporate Earnings
Maryland Legal Code

Section 11-405 - Restrictions on Disposition of Corporate Earnings

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(a) (1) This subsection does not apply to reasonable compensation paid for services rendered to or for the Corporation. (2) Net earnings of the Corporation may not inure to the benefit of any individual. (b) An individual may not share in the distribution of corporate assets on dissolution of the Corporation.