Maryland § 5-117
Full text of Maryland Maryland Code § 5-117, with citation guidance and answers to common questions.
§ 5-117.
(a) A majority of the directors and all of the officers of a professional corporation, except the secretary and treasurer, must be qualified persons with respect to the corporation.
(b) Whether or not organized as a close corporation under Title 4 of this article:
(1) The number of directors in a professional corporation may be less than 3;
(2) The officers of a professional corporation may be limited to president, treasurer, and secretary and an individual may hold more than one office; and
(3) Notwithstanding any other provision of law, an individual who holds more than one office in a professional corporation may act in more than one capacity to execute, acknowledge, or verify any instrument required to be executed, acknowledged, or verified by more than one officer.
Frequently Asked Questions About Maryland § 5-117
What does Maryland Code § 5-117 cover?
Section 5-117 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 5-117?
A common citation format is "Maryland Code § 5-117" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 5-117 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.