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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 525   View pdf image (33K)
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ART. 23]

CORPORATIONS.

525

ARTICLE XXIII.

CORPORATIONS.

1. When sections 1 to 37, 61 to 63
and 66 to 104 are operative; pro-
visos. Explanation of terms.

Provisions for Formation.

2. For what purposes corporations
may be formed.
3. In corporators; certificate of incor-
poration.
4. Same to be acknowledged, certified
and recorded; fees.
5. When corporation is duly formed ;
bonus tax; certified copy, evi-
dence.
6. Formal defects not to vitiate cer-
tificate; legality not to be de-
nied by parties to "transaction;''
latter term explained.
7. General powers of corporations.

Officers, Directors and By-Laws.

8. Directors, election thereof.
9. Officers.
10. Powers of directors; executive
committee.
11. Classes of directors; terms of
officers; by-laws.
12. What by-laws may provide for.
13. Copy of by-laws, evidence.

Meetings.

14. Annual meetings — notice.
15. Extraordinary meeting; calls; no-
tice.
16. Meetings upon request; notice. Re-
moval.
17. Where meetings to be held; quo-
rum; mutual insurance compa-
nies. Vote.

18. When only corporation may vote
its own stock. Stock in other
corporations.
19. Who entitled to vote and number
of votes; proxies.
20. Minority representation — cumula-
tive voting.
21. Failure to elect — corporation not
dissolved; subsequent election ;
acts, valid.
22. Fiduciaries and pledgors.
23. Waiver of notice of meeting.

Amendments After Organization.

24. Scope of, and requisite vote.
25. Procedure.
26. Increase of stock.
27. Reduction of stock.
28. Reducing the number of shares.
29. Consolidation and sale.
30. When consolidation is effective.
31. Rights of dissenting stockholder.
32. Sale, lease or exchange of entire
assets; dissenting stockholders ;
provisos.

Capital Stock.

33. Certificates.
34. Classification of stock; dividends ;
insolvency.
35. Stock issued for services or prop-
erty.
36. Same; penalty, proviso.
37. Transfer.

Uniform Stock Transfer.

38. How title to certificate may be
transferred.

As to hanks and trust companies, see art. 11.

As to corrupt practices by corporations concerning elections, see art. 33 see
174.

As to arbitration between corporations and their employees, see art. 7.

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 525   View pdf image (33K)
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