Substitution of Corporate Officers
A Substitution of Corporate Officers Application shall be filed when the cumulative amount of change in the stock is less than 50% since the last transfer or new application, or when election of new corporate officer/member takes place. The application must be accompanied by a Stockholder Affidavit for each of the stockholders. The application will be scheduled for a Public Hearing and must be submitted at least 30 days prior to the next available daytime hearing. Personal Information Sheets must also be completed with the substitution of corporate process along with proof of legal status.
The fee for this application is $250, payable by Certified Check, Cashier’s Check or Money Order to Prince George’s County.