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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 556   View pdf image (33K)
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556 CORPORATIONS. [ART, 23

tion shall not be compelled to issue a new certificate for the stock until
the old certificate is surrendered to it.

See also sections 68 to 71. And as to lost certificates, see sec. 67.

1910, ch. 73, sec. 37 N (p. 70).

51. A creditor whose debtor is the owner of a certificate shall be
entitled to such aid from courts of appropriate jurisdiction, by injunc-
tion and otherwise, in attaching such certificate or in satisfying the
claim by means thereof as is allowed at law or in equity, in regard to
property which cannot readily be attached or levied upon by ordinary
legal process.

1910, ch. 73, sec. 37 o (p. 70).

52. There shall be no lien in favor of a corporation upon the shares
represented by a certificate issued by such corporation, and there shall
be no restriction upon the transfer of shares so represented by virtue
of any by-law of such corporation, or otherwise, unless the right of the
corporation to such lien or the restriction is stated upon the certificate.

1910, ch. 73, sec. 37 p (p. 70).

53. The alteration of a certificate, whether fraudulent or not, and
by whomsoever made, shall not deprive the owner of his title to the
certificate and the shares originally represented thereby, and the trans-
fer of such a certificate shall convey to the transferee a good title to
such certificate and to the shares originally represented thereby.

1910, ch. 73, sec. 37 Q (p. 70).

54. In any case not provided for by sections 38 to 60 of this article
the rules of law and equity, including the law merchant, and in par-
ticular the rules relating to the law of principal and agent, executors,
administrators and trustees, and to the effect of fraud, misrepresenta-
tion, duress or coercion, mistake, bankruptcy or other invalidating
cause, shall govern.

1910, ch. 73, sec. 37 B (p. 70).

55. Sections 38 to 60 shall be so interpreted and construed as to
effectuate their general purpose to make uniform the law of those
States which enact them.

1910, ch. 73, sec. 37 s (p. 70).

56. A certificate is indorsed when an assignment or a power of
attorney to sell, assign or transfer the certificate or the shares repre-
sented thereby is written on the certificate and signed by the person
appearing by the certificate to be the owner of the shares represented
thereby, or when the signature of such person is written without more
upon the back of the certificate. In any of such cases a certificate is
indorsed, though it has not been delivered.

1910, ch. 73, sec. 37 T (p. 71).

57. The person to whom a certificate was originally issued is the
person appearing by the certificate to be the owner thereof, and of the

 

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The Annotated Code of the Public Civil Laws of Maryland, 1911
Volume 372, Page 556   View pdf image (33K)
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