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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 114   View pdf image (33K)
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114 ARTICLE 23.

ating the tenancy, and the proposed transfer is authorized by language on
the face of the stock certificate, subscription right and/or obligation.

(4) If such shares, subscription rights and/or obligations are regis-
tered in the name of a minor, or person incompetent to contract, without
any indication on the face of the stock certificate, subscription right and/or
obligation of such minority or incompetency, and the corporation is with-
out actual notice that the registered holder is a minor or an incompetent.

Stock and Stockholders.

75.

This section referred to in upholding sale under order of orphans' court—see
notes to art. 93, sec. 290. Knapp v. Knapp, 149 Md. 220.

77.

Bill of complaint upheld. Hughes v. Hall, 117 Md. 547. and Hall v. Hughes,
119 Md. 489, affirmed. Wright v. Lewis, 149 Md. 73.

Books and Accounts.

84.

Stockholder does not enjoy unlimited right to information in respect to cor-
porate affairs. Allegations of bill attacking sale of stock of corporation, insuffi-
cient. Fraud not made out. See notes to sec. 36. Homer v. Crown Cork & Seal
Co., 155 Md. 76.

An. Code, 1924, sec. 85. 1912, sec. 73. 1904, secs. 5, 80. 1888, secs. 5, 72.

1868, ch. 471, secs. 5, 67. 1908, ch. 240, sec. 48. 1916, ch. 596, sec. 73.

1927, ch. 581, sec. 85.

85. Original or duplicate stock ledgers, containing the names and
addresses of the stockholders of every corporation of this State, having
capital stock, and the number of shares (of each class, if two or more
classes have been issued) held by them respectively, shall during the usual
business hours of every business day be open for the inspection of any
person or persons holding in the aggregate five per cent, of the outstanding
capital stock, or five per cent, of any class thereof, if two or more classes
have been issued, at its principal office in this State or at any other office
or agency of the corporation in such city or town as may be specified in the
by-laws. In any case in which original or duplicate stock ledgers are not
kept at said principal office, any person or persons entitled to inspect such
stock ledgers as aforesaid may present a written request to any officer,
director or resident agent of the corporation for a list of its stockholders
and it shall be the duty of the corporation to make or procure a sworn list
thereof containing the information required by this section to be contained
in such stock ledgers, and to have the same ready and on file at said
principal office within twenty days after the presentation of such request,
where such list shall be open to inspection by stockholders upon the terms
upon which such stock ledgers are open to their inspection. The other
books of the corporation, wherever located, shall be open to inspection by
stockholders upon the terms upon which stock ledgers are open to their
inspection.

See footnote to sec. 10.

See notes to sec. 84.


 

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1929 Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 376, Page 114   View pdf image (33K)
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