Md. Code, Corporations and Associations § 5-509

Md. Code, Corporations and Associations § 5-509
in effect
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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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca&section=5-509&enactments=falseFetched: 10/16/2026

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