954

LAWS OF MARYLAND

Ch. 291

the register or clerk an irrevocable designation by him of
an appropriate person who resides in the State on whom
service of process may be made in the same manner and with
the same effect as if it were served personally in the State
on the nonresident.

(E) A LOCAL DEPARTMENT OF SOCIAL SERVICES, LOCAL
OFFICE ON AGING, OR THE DIRECTOR OF THE STATE OFFICE ON
AGING, MAY BE APPOINTED AS A GUARDIAN OF A PERSON REGARDLESS
OF WHETHER THAT PERSON RESIDES IN A STATE OR PRIVATE
RESIDENTIAL FACILITY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 14, 1979.

CHAPTER 292

(Senate Bill 930)

AN ACT concerning

Professional Corporations

FOR the purpose of allowing a professional corporation to
issue hold stock fee in another professional corporation
whose stockholders are licensed to perform the same
professional service.

BY repealing and reenacting, with amendments,

Article - Corporations and Associations

Section 5-112

Annotated Code of Maryland

(1975 Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Corporations and Associations

5-112.

A (A) EXCEPT AS OTHERWISE PROVIDED IN SUBSECTION (B),
A professional corporation may -[- not -]- issue stock --[--
to anyone except-]-ONLY TO an individual licensed to perform
the same professional service OR A PROFESSIONAL CORPORATION

WHOSE STOCKHOLDERS ARE LICENSED TO PERFORM THE SAME

PROFESSIONAL SERVICE as that for which the corporation is
organized.