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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 634   View pdf image (33K)
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634 ARTICLE 23.

46. Stock dividends.
47. Liability of stockholders; exceptions.
48. Books to show consideration for shares
and securities.
49. Stock and securities; fraudulent issue,
penalty.
50. Holding and retirement of corporation's
own stock.

Uniform Stock Transfer.

51. How title to certificate may be trans-
ferred.
52. No enlargement of powers of infant,
fiduciary, etc.
53. No effect on right of corporation to
recognize .registered owner, and hold
him liable for calls, etc.
54. Title of transferee under power of at-
torney or assignment not on the cer-
tificate.
55. Transfer by delivery without right.
56. Effect of indorsement.
57. When possession of certificate may be
reclaimed (after indorsement and
delivery) ; specific performance, etc.
58. When subsequent transfer is valid,
though original transfer has been
rescinded.
59. Delivery without indorsement — specific
performance.
60. Attempted transfer without delivery.
61. What a person transferring a certificate
or assigning a claim secured thereby,
warrants; proviso.
62. What a holder of a certificate for se-
curity does not warrant.
63. Attachment of stock. New certificate.
64. Attaching creditor entitled to injunc-
tion, ete.
65. Corporation has no lien on stock, and
there is no restriction upon transfer,
unless certificate so states.
66. Alteration of certificate.
67. Cases not provided for.
68. Construction of secs. 51 to 72.
69. What amounts to an indorsement?
70. Who is the person appearing to be
the owner of a certificate?
71. Definition of terms.
72. Application of sections 51 to 71.
73. How cited.

Stock and Stockholders.

74. Calls for subscriptions; notice.
75. Failure to pay.
76-77. Liability of stockholders; provisos.
78-79. Lost certificates of stock; new cer-
tificates; procedure.
80-83. Execution or attachment of shares;
procedure. Duty of corporation;
penalty; operation of execution or
attachment.

Books and Accounts.

84. Statement upon request.
85. Inspection of books.
86. Accounts and statements.

Liability of Officers and Directors.

87. Dividends; loans; proviso.

Dissolution.

88. Voluntary dissolution.
89. Procedure.
90. Certificate to state tax commission.
91. Dissolution by state tax commission.
92. Involuntary dissolution.
93. Taxes must be paid before decree.
94. Powers of receivers.
95. Dissolution otherwise than by judicial
proceedings.
96. Effect of dissolution.
97. Stockholder of dissolved corporation
may plead all defenses corporation
or receiver could plead.
98-102. Forfeiture of charter; procedure;
appeal.

Process.

103. How served; suits, where instituted;
surety companies; attachments.
104. Unincorporated associations ; how and
where sued; abatement.
105. Name or title sufficient.

Taxation.

106. Bonus tax; consolidation.
107. What are " ordinary business " cor-
porations; stock of Maryland cor-
porations exempt from taxation.



 

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The Annotated Code of the Public General Laws of Maryland, 1924
Volume 375, Page 634   View pdf image (33K)
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