CORPORATIONS. 103

shall be entitled to notice of and to vote at such meeting or to receive such
dividends or rights, as the case may be. The members or stockholders
shall have full power to make, alter and repeal by-laws, but the board of
directors of any corporation having capital stock may exercise such power,
if there are 110 shares of stock outstanding and entitled to vote thereon.
If authorized by the by-laws adopted as aforesaid, the board of directors
shall have the power to make, alter and repeal additional and supple-
mentary by-laws not inconsistent with any of the by-laws adopted as afore-
said, but any such additional or supplementary by-laws may be altered or
repealed by the members or stockholders.
See footnote to sec. 10.

Meetings.
17.

To first note to this section, on page 651 of vol. 1 of Code. add Emergency
Hospital v. Stevens, 146 Md. 161.

An. Code, 1924, sec. 19. 1912, sec. 15. 1908, ch. 240, sec. 15. 1927, ch. 581, sec. 19.

19. (1) At any time in the interval between regular meetings, extra-
ordinary meetings of the shareholders or members may be called by the
president, or by a majority of the board of directors, or by a majority of
the executive committee (if the by-laws provide for an executive commit-
tee, and confer such power upon such executive committee), upon ten days'
written or printed notice, stating the place, day and hour of such meeting
and the business proposed to be transacted thereat; such notice shall be
given to each shareholder or member 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; and no business shall be transacted at such meetings except
that specially named in the notice.

(2) Unless otherwise provided by the by-laws no notice of any meeting,
regular or extraordinary, need be given to shareholders or members who
are not entitled to vote thereat. This paragraph (2) shall not be construed
as implying that in the absence of this paragraph notice to such share-
holders or members would be necessary.
See footnote to sec. 10.

An. Code, 1924, sec. 21. 1912, sec. 17. 1908, ch. 240, sec. 17. 1914, ch. 379.

1916, ch. 596, sec. 17. 1920, ch. 545, sec. 17. 1922, ch. 309, sec. 17.

1927, ch. 581, sec. 21.

21. All meetings of the stockholders or members shall be held in this
State, but meetings of members of any corporation having no capital stock
may be held without the State if the charter so provides. The presence,
in person or by proxy, of stockholders or members entitled to cast a. major-
ity in number of votes, shall be necessary to constitute a quorum, unless
the charter otherwise provides; provided, however, that building associa-
tions, athletic or social clubs, or mutual insurance companies, whose policy-
holders, for the time being, are the members thereof, and corporations hav-
ing no capital stock may provide by their by-laws what shall constitute a