reglab/housing_qa huggingface dataset:
MD. Corporations and Associations Code Ann. §  5-6B-32 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-32 - Statewide Effect of Act

    (a)    (1)    Except as provided in §§ 5–6B–08 through 5–6B–10 and § 5–6B–12 of this subtitle, the provisions of this subtitle are statewide in their effect.        (2)    Except as provided in this subtitle, a county, city, or other jurisdiction may not enact any law, ordinance, or regulation which would impose a burden or restriction on a cooperative housing corporation that is not imposed on all other property of similar character not a cooperative housing corporation. Any such law, ordinance, or regulation is preempted by the subject and material of this title and is void.    (b)    The provisions of all laws, ordinances, and regulations concerning building codes or zoning shall have full force and effect to the extent that they apply to property which is a cooperative housing corporation and shall be construed and applied with reference to the overall nature and use of the property without regard to the form of ownership. A law, ordinance, or regulation concerning building codes or zoning may not establish any requirement or standard governing the use, location, placement, or construction of any land and improvements which comprise a cooperative project, unless the requirement or standard is uniformly applicable to all land and improvements of the same kind or character not comprising cooperative projects.
MD. Corporations and Associations Code Ann. §  5-6B-33 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6B - Maryland Cooperative Housing Corporation Act|Section 5-6B-33 - Applicability of Act

    (a)    (1)    Except as provided in paragraph (2) of this subsection, this subtitle is applicable to all cooperative housing corporations.        (2)    The articles of incorporation, bylaws, membership certificates, or proprietary leases of a cooperative housing corporation established before July 1, 1986 need not be amended to comply with the requirements of this subtitle.    (b)    Section 5–6B–02 of this subtitle shall apply to the initial sale of cooperative interests being offered for sale on or after July 1, 1986, if on that date, the developer has not sold any cooperative interests to initial purchasers.    (c)    The provisions of §§ 5–6B–02 through 5–6B–04 of this subtitle and §§ 5–6B–06 through 5–6B–12 of this subtitle are not applicable to cooperative housing corporations in which cooperative interests have been sold to initial purchasers prior to July 1, 1986 if by January 1, 1987, the developer has sold 75 percent or more of the cooperative interests to initial purchasers.    (d)    (1)    Except as provided in paragraph (2) of this subsection, the notice required by § 5–6B–05 of this subtitle shall be given to any tenant in possession of any portion of a residential rental facility on or after January 1, 1987.        (2)    The requirements of paragraph (1) of this subsection do not apply to nonresidential tenants.    (e)    Any security interest in a cooperative interest which is perfected in any manner and has attached prior to July 1, 1986 shall continue to be perfected on and after that date.    (f)    (1)    A corporation, trust, unincorporated association, or other entity existing on July 1, 1986 that desires to confirm its status as a cooperative housing corporation under this subtitle, shall file a resolution with the board of directors or governing body of the entity electing to confirm the status.        (2)    If the entity is unincorporated, the entity shall file original articles of incorporation reflecting its status with the Department of Assessments and Taxation.
MD. Corporations and Associations Code Ann. §  5-6C-01 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-01 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Benefit corporation” means a Maryland corporation that elects to be a benefit corporation in accordance with § 5–6C–03 of this subtitle and has not ceased to be a benefit corporation through the operation of § 5–6C–04 of this subtitle.    (c)    “General public benefit” means a material, positive impact on society and the environment, as measured by a third–party standard, through activities that promote a combination of specific public benefits.    (d)    “Specific public benefit” includes:        (1)    Providing individuals or communities with beneficial products or services;        (2)    Promoting economic opportunity for individuals or communities beyond the creation of jobs in the normal course of business;        (3)    Preserving the environment;        (4)    Improving human health;        (5)    Promoting the arts, sciences, or advancement of knowledge;        (6)    Increasing the flow of capital to entities with a public benefit purpose; or        (7)    The accomplishment of any other particular benefit for society or the environment.    (e)    “Third–party standard” means a standard for defining, reporting, and assessing best practices in corporate social and environmental performance that:        (1)    Is developed by a person or entity that is independent of the benefit corporation; and        (2)    Is transparent because the following information about the standard is publicly available or accessible:            (i)    The factors considered when measuring the performance of a business;            (ii)    The relative weightings of those factors; and            (iii)    The identity of the persons who developed and control changes to the standard and the process by which those changes were made.
MD. Corporations and Associations Code Ann. §  5-6C-02 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-02 - Applicability of Provisions

    (a)    The provisions of the Maryland General Corporation Law apply to benefit corporations except to the extent that:        (1)    The context of a provision clearly requires otherwise; or        (2)    A specific provision of this subtitle or another provision of law governing specific classes of corporations provides otherwise.    (b)    This subtitle applies only to benefit corporations.    (c)    (1)    The existence of a provision of this subtitle does not of itself create any implication that a contrary or different rule of law is or would be applicable to a corporation that is not a benefit corporation.        (2)    This subtitle does not affect any statute or rule of law as it applies to a corporation that is not a benefit corporation.    (d)    A provision of the charter or bylaws of a benefit corporation may not be inconsistent with any provision of this subtitle.
MD. Corporations and Associations Code Ann. §  5-6C-03 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-03 - Election by Corporation to Become Benefit Corporation

    (a)    A corporation may elect to be a benefit corporation under this subtitle by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation.    (b)    An amendment described in subsection (a) of this section shall be approved in accordance with Title 2, Subtitle 6 of this article.    (c)    The name of a domestic benefit corporation or a foreign benefit corporation authorized to transact business in the State must comply with Title 1, Subtitle 5 of this article.
MD. Corporations and Associations Code Ann. §  5-6C-04 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-04 - Termination of Status as Benefit Corporation

    (a)    A corporation may terminate status as a benefit corporation and cease to be subject to this subtitle by amending the charter of the corporation to delete the statement that the corporation is a benefit corporation.    (b)    An amendment terminating a corporation’s status as a benefit corporation shall be approved by the stockholders of the corporation in accordance with Title 2, Subtitle 6 of this article.
MD. Corporations and Associations Code Ann. §  5-6C-05 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-05 - Reference to Fact of Benefit Corporation Status

    Clear reference to the fact that a corporation is a benefit corporation shall appear prominently:         (1)    At the head of the charter document in which the election to be a benefit corporation is made;        (2)    At the head of each subsequent charter document of the benefit corporation; and        (3)    On each certificate representing outstanding stock of the benefit corporation.
MD. Corporations and Associations Code Ann. §  5-6C-06 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-06 - Purpose

    (a)    (1)    Each benefit corporation shall have the purpose of creating a general public benefit.        (2)    The purpose described in paragraph (1) of this subsection is in addition to, and may be a limitation on, the purposes of the corporation under § 2–101 of this article.    (b)    (1)    In addition to its purposes under § 2–101 of this article and subsection (a) of this section, the charter of a benefit corporation may identify as one of the purposes of the benefit corporation the creation of one or more specific public benefits.        (2)    The identification in its charter of a specific public benefit purpose under paragraph (1) of this subsection does not limit the obligation of a benefit corporation to create a general public benefit.    (c)    The creation of a general public benefit or specific public benefit as provided in subsections (a) and (b) of this section is in the best interests of the benefit corporation.
MD. Corporations and Associations Code Ann. §  5-6C-07 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-07 - Duties of Director

    (a)    A director of a benefit corporation, in performing the duties of a director, including the director’s duties as a member of a committee and in addition to the duties described in § 2–405.1 of this article:        (1)    In determining what the director reasonably believes to be in the best interests of the benefit corporation, shall consider the effects of any action, or decision not to act, on:            (i)    The stockholders of the benefit corporation;            (ii)    The employees and workforce of the benefit corporation and the subsidiaries and suppliers of the benefit corporation;            (iii)    The interests of customers as beneficiaries of the general or specific public benefit purposes of the benefit corporation;            (iv)    Community and societal considerations, including those of any community in which offices or facilities of the benefit corporation or the subsidiaries or suppliers of the benefit corporation are located; and            (v)    The local and global environment; and        (2)    May consider any other pertinent factors or the interests of any other group that the director determines are appropriate to consider.    (b)    A director of a benefit corporation, in the performance of duties in that capacity, does not have any duty to a person that is a beneficiary of the public benefit purposes of the benefit corporation.    (c)    A director of a benefit corporation, in the reasonable performance of duties in accordance with the standard provided in this subtitle, shall have the immunity from liability described in § 5–417 of the Courts Article.
MD. Corporations and Associations Code Ann. §  5-6C-08 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 6C - Benefit Corporations|Section 5-6C-08 - Benefit Report

    (a)    A benefit corporation shall deliver to each stockholder an annual benefit report including:        (1)    A description of:            (i)    The ways in which the benefit corporation pursued a general public benefit during the year and the extent to which the general public benefit was created;            (ii)    The ways in which the benefit corporation pursued any specific public benefit that its charter states is the purpose of the benefit corporation to create and the extent to which that specific public benefit was created; and            (iii)    Any circumstances that have hindered the creation by the benefit corporation of the public benefit; and        (2)    An assessment of the societal and environmental performance of the benefit corporation prepared in accordance with a third–party standard applied consistently with the prior year’s benefit report or accompanied by an explanation of the reasons for any inconsistent application.    (b)    The benefit report shall be delivered to each stockholder within 120 days following the end of each fiscal year of the benefit corporation.    (c)    (1)    A benefit corporation shall post its most recent benefit report on the public portion of its Web site, if any.        (2)    If a benefit corporation does not have a public Web site, the benefit corporation shall provide a copy of its most recent benefit report on demand and without charge to any person who requests a copy.
MD. Corporations and Associations Code Ann. §  5-701 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 7 - Miscellaneous|Section 5-701 - Restrictions on Property Holdings

    Any provision in the charter of a charitable or benevolent Maryland corporation existing on June 1, 1951, whether incorporated under any public general law or special act of the State, purporting to limit or restrict the tenure or enjoyment of property or income is ineffective to limit or restrict the right of the corporation to hold, enjoy, use, and deal with any property and income in any way.
MD. Corporations and Associations Code Ann. §  5-702 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 7 - Miscellaneous|Section 5-702 - Assets Subject to Charitable or Other Restrictions

    (a)    A charitable or religious Maryland nonstock corporation may petition a court of equity for a decree under § 5–209 of this title if:        (1)    The dissolution of the corporation involves provisions for disposition of assets under § 5–208(b)(2) or (3) of this title; or        (2)    A consolidation, merger, or transfer of assets of the corporation under § 5–207 of this title involves similar provisions for the successor corporation.    (b)    The failure to petition a court of equity and obtain a decree does not affect the otherwise valid actions of the corporation in dissolution, consolidation, or merger, or in a transfer of assets.
MD. Corporations and Associations Code Ann. §  5-703 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 5 - Special Types of Corporations|Subtitle 7 - Miscellaneous|Section 5-703 - Restrictions on Transferability of Stock of Radio Stations

    (a)    As used in this section, “aliens” means the following and their representatives:        (1)    An alien;        (2)    A foreign government;        (3)    A corporation, joint-stock company, or association organized under the laws of a foreign country; and        (4)    Any other corporation, joint-stock company, or association controlled directly or indirectly by one or more aliens.    (b)    Any Maryland corporation which conducts business under a license or grant of authority issued pursuant to a statute or regulation of the United States government, this State, or any agency of either, which statute or regulation provides that the license or grant of authority may not be granted to or held by, or the business may not be conducted by, a corporation of which more than a specified percentage of the capital stock or voting interests is owned of record or controlled by aliens, or which license or grant of authority permits an agency to restrict, limit or revoke the license or grant of authority or the right to conduct the business in such circumstances, or any Maryland corporation controlling directly or indirectly any corporation, joint-stock company or association which conducts its business or any portion of its business under the license or grant of authority, may, by its bylaws, restrict or limit the transferability to, ownership by, or voting rights of shares of its stock, whether issued or to be issued in the hands of aliens to the extent appropriate to comply with the applicable statute or regulation. Any requirements of § 8-204 of the Commercial Law Article and of § 2-211 of this article with respect to limitations or restrictions need only be complied with as to certificates for such shares issued after the adoption of such bylaws.
MD. Corporations and Associations Code Ann. §  7-101 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 1 - Registration of Name; Doing Businessin State|Section 7-101 - Registration of Name

    Any foreign corporation may register its name in this State as provided under Title 1, Subtitle 5 of this article.
MD. Corporations and Associations Code Ann. §  7-102 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 1 - Registration of Name; Doing Businessin State|Section 7-102 - Business Must Be Permitted by Laws of This State

    A foreign corporation may not do any kind of intrastate, interstate, or foreign business in this State which the laws of this State prohibit a Maryland corporation from doing.
MD. Corporations and Associations Code Ann. §  7-103 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 1 - Registration of Name; Doing Businessin State|Section 7-103 - Activities Not Considered Intrastate Business

    In addition to any other activities which may not constitute doing intrastate business in this State, for the purposes of this article, the following activities of a foreign corporation do not constitute doing intrastate business in this State:         (1)    Maintaining, defending, or settling an action, suit, claim, dispute, or administrative or arbitration proceeding;        (2)    Holding meetings of its directors or stockholders or carrying on other activities which concern its internal affairs;        (3)    Maintaining bank accounts;        (4)    Maintaining offices or agencies for the transfer, exchange, and registration of its securities;        (5)    Appointing and maintaining trustees or depositaries with respect to its securities;        (6)    Transacting business exclusively in interstate or foreign commerce; and        (7)    Conducting an isolated transaction not in the course of a number of similar transactions.
MD. Corporations and Associations Code Ann. §  7-104 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 1 - Registration of Name; Doing Businessin State|Section 7-104 - Activities Not Considered Intrastate, Interstate, or Foreign Business

    In addition to any other activities which may not constitute doing intrastate, interstate, or foreign business in this State, for the purposes of this article, the following activities of a foreign corporation do not constitute doing intrastate, interstate, or foreign business in this State:         (1)    Foreclosing mortgages and deeds of trust on property in this State;        (2)    As a result of default under a mortgage or deed of trust, acquiring title to property in this State by foreclosure, deed in lieu of foreclosure, or otherwise;        (3)    Holding, protecting, renting, maintaining, and operating property in this State so acquired; and        (4)    Selling or transferring the title to property in this State so acquired to any person, including the Federal Housing Administration or the Veterans Administration.
MD. Corporations and Associations Code Ann. §  7-105 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 1 - Registration of Name; Doing Businessin State|Section 7-105 - Assent to State Laws

    By doing intrastate, interstate, or foreign business in this State, a foreign corporation assents to the laws of this State.
MD. Corporations and Associations Code Ann. §  7-201 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-201 - Exceptions to Required Registration and Qualification

    This subtitle does not apply to:         (1)    An insurance company subject to the provisions of the Insurance Article;        (2)    A railroad operating in this State;        (3)    A national bank that:            (i)    Has its main office located in this State; or            (ii)    Does not maintain a branch in this State;        (4)    A federal credit union; or        (5)    A foreign nonstock corporation whose only activity in this State is supplying police, fire, rescue, or emergency services personnel on a nonprofit basis to assist in an area covered by a state of emergency declared by the Governor under § 14-107 of the Public Safety Article.
MD. Corporations and Associations Code Ann. §  7-202 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-202 - Registration to Do Interstate and Foreign Business

    (a)    Unless it is qualified to do business under § 7–203 of this subtitle, before doing any interstate or foreign business in this State, a foreign corporation shall register with the Department.    (b)    To register, the corporation shall:        (1)    Certify to the Department:            (i)    The address of the corporation; and            (ii)    The name and address of its resident agent in this State; and        (2)    Provide proof acceptable to the Department of good standing in the jurisdiction where it currently is organized.    (c)    Unless terminated by the corporation, the registration is effective as long as the corporation has a resident agent in this State.
MD. Corporations and Associations Code Ann. §  7-202.1 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-202.1 - Registration to Do Interstate Business

    (a)    This section does not apply to the property that a foreign corporation acquires by any means enumerated in § 7-104 of this title.    (b)    Unless it is required to qualify to do business under § 7-203 of this subtitle, a foreign corporation that owns income-producing real or tangible personal property in this State shall register with the Department to do interstate business.