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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 102   View pdf image (33K)
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102 CORPORATIONS. [ART. XXIII
ever interest she had parted with was restored to her, and the endorse-
ments ceased to be operative and could have been cancelled by her. Gift
upheld. Colmary v. Crown Cork & Seal Co, 124 Md. 490.
59.
See notes to section 38.
Stockholders.
1904, art. 23, sec. 78. 1888, art. 23, sec. 70. 1868, ch. 471, sec. 65.
1908, ch. 240, sec. 38. 1916, ch. 596, sec. 61.
61. Unless otherwise payable by the subscription contract, the board
of directors of any corporation, having capital stock, may call in and
demand from the stockholders the amounts due on their subscriptions
at such times and in such payments and installments as the said board
of directors shall deem proper; but at least thirty days' written or
printed notice of the amount, time and place of payment of such calls
shall be given to each stockholder; such notice shall be delivered to each
stockholder by leaving the same with him, or at his residence or usual
place of business, or by mailing it, postage prepaid} and addressed to
him at his address as it appears upon the books of the corporation; pro-
vided, however, that any stockholder may by an instrument in writing
waive such notice.
See notes to this section in volume 1 of the Annotated Code.
1904, art. 23, sec. 72. 1888, art. 23, sec. 64. 1868, ch. 471, sec. 59. 1872, ch. 325.
1S08, ch. 240, sec. 41. 1916, ch. 596, sec. 66.
66. Every stockholder of every corporation of this State shall be
liable for the benefit of the creditors of said corporation for the amount
of his subscription to the stock of said corporation, less the amount
which he shall already have paid thereon, until he shall have paid said
subscription, according to the terms thereof, in good faith; and in the
event of the insolvency of the corporation, such liability shall be con-
sidered as an asset of the corporation and may be enforced by the
roceiver, trustee or other person winding up the affairs of the corpora-
tion, notwithstanding any release, agreement or arrangement short of
actual payment which may have been made between the corporation and
said stockholder. Nothing in this section shall be taken or construed
as limiting or affecting the liability of stockholders in banking, safe
deposit, trust and loan corporations.
See notes to this section in volumes 1 and 3 of the Annotated Code.
1904, art. 23, sec. 79. 1888, art. 23. sec. 71. 1868, ch. 471, sec. 66. 1908, ch. 240,
sec. 47. 1916, ch. 596, sec. 72.
72. If any person or persons holding in the aggregate five per cent,
of the outstanding capital stock of any corporation of this State (or five
per cent, of any class of such stock, if two or more classes have been
issued) shall present to any officer, director or resident agent of the
corporation a written request for a statement of its affairs, it shall be
his duty to make or procure such a statement sworn to by the president
or a vice-president or by the treasurer or an assistant treasurer, embrac-


 
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The Annotated Code of the Public General Laws of Maryland, 1918
Volume 374, Page 102   View pdf image (33K)
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