Marvin Mandel, Governor                        1661

"chartered" or "professional association" or the abbreviation "P.A."
is omitted, provided the corporation has first registered the name
to be used in the same manner as required for the registration of
fictitious names.

(b) Nothing in subsection (a) of this section shall prevent a cor-
poration organized under this subtitle from adopting a corporate
name which does not contain the last name of any of the shareholders
thereof, providing the following conditions are met:

(1)  Any corporation organized under this subtitle which has, or
shall have upon incorporation, five (5) or more shareholders, may
adopt a corporate name which does not contain the last name or OF
any of the shareholders thereof and may render professional services
and exercise its authorized powers under such corporate name, pro-
vided that (i) the name to be adopted by such corporation has been
approved by THE MARYLAND STATE BAR ASSOCIATION, THE
MEDICAL AND CHIRURGICAL FACULTY, THE MARYLAND
STATE DENTAL ASSOCIATION, OR the board, agency, or other
entity licensing or otherwise legally authorizing the professional serv-
ices rendered, or to be rendered, by the corporation as a name which
would be in accordance with the established ethical standards, rules
and regulations of the profession, and a certificate of authorization
for use of corporate name has been issued by said board, agency or
other entity to the corporation, or to its proposed incorporator or
incorporators, as the case may be, and as hereinafter provided: (ii)
the articles of incorporation or amendment, as the case may be, which
adopt such name shall state therein that the corporation, in the case
of articles of incorporation, shall have, or, in the case of articles of
amendment, already has at least five (5) shareholders, and there
shall be attached to said articles of incorporation or amendment, as
the case may be, the certificate of authorization for use of corporate
name theretofore issued by said board, agency or other entity; (in)
the name shall also contain the word "chartered" or "professional
association" or the abbreviation "P.A.," with the use of any other
word, abbreviation, affix or prefix in the corporate name indicating
that it is a corporation specifically prohibited; and (iv) in the event
the number of the shareholders of any such corporation shall become,
at any time, less than five (5), then, within ninety (90) days there-
after, unless additional shareholders are obtained within said period
such as to bring the total number of shareholders to five (5) or more,
said corporation shall file articles of amendment adopting a new and
appropriate corporate name pursuant to subsection (a) hereof.

(2)  Any corporation organized under this subtitle, or any incor-
porator or incorporators thereof, as the case may be, desiring a
certificate of authorization for corporate name shall file with the
board, agency, or other entity, licensing or otherwise legally author-
izing the professional services rendered, or to be rendered, by the
corporation an application, using a form to be provided by said board,
agency or other entity, listing all relevant information, including
the name to be adopted by the corporation, and reasons therefor, the
number of shareholders said corporation has, or shall have upon
incorporation, and such other information required by said board,
agency or other entity, accompanied by such authorization fee as may
be determined by said board, agency or other entity. If all the
requirements hereof are met, said board, agency or other entity
shall then consult with, and obtain prior approval of the State-wide