CORPORATIONS. 115

An. Code, 1924, sec. 86. 1912, sec. 74. 1904, sec. 5. 1888, sec. 5.

186S, ch. 471, sec. 5. 1908, ch. 240, sec. 49. 1916, ch. 596, sec. 74.

1927, ch. 581, sec. 86.

86. The directors, managers and trustees of every corporation of this
State shall keep full and fair accounts of their transactions. The president
of every such corporation, or if so provided by the by-laws some other
executive officer thereof, shall annually prepare a full and true statement of
the affairs of the corporation, which shall be submitted at the annual
meeting of the stockholders or members and filed within twenty days there-
after at the principal office of the corporation in this State, where it shall,
during the usual business hours of every business day, be open for the

inspection of every stockholder or member of the corporation.
See notes to sec. 84.

Liability of Officers and Directors.

87.

Violation of this section in loan of money to directors, referred to in uphold-
ing appointment of receiver of corporation. Hagerstown Furniture Co. v. Baker,
155 Md. 561.

See notes to see. 84.

Dissolution.

93.

See art. 81, sec. 144.

98.

See art. 81. sec. 144.

Process.

103.

This section referred to in deciding that corporation may not be made a gar-
nishee in jurisdiction other than where it does business. Sanitary Grocery Co.
v. Soper. 140 Md. 136.

104.

Motion to quash on ground that railroad brotherhood was not within this
section, overruled. Rules of brotherhood. When decisions of brotherhood final
Long v. B. & O. R. R. Co. 155 Md. 267.

This section indicates how indictment should describe owner of stolen goods-
State v. Barrett, 148 Md. 156.

Taxation.

106-114. Repealed by ch. 226 of Acts of 1929 (p. 70S).
108.

Under this section and art. 81, secs. 256, 253 and 259 (as they stood prior to
act 1929, ch. 226), where taxpayer is notified by S. T. C. of proposed assessment
and fails to protest same, or to take appeal, he may not attack validity of assess-
ment in suit by city for taxes. Whether personal property is used entirely or
chiefly in connection with manufacturing under act 1918, ch. 82, is question of
fact. Appeal from S. T. C. on questions of law only. Carroll County v. Shriver
Co., 140 Md. 412, distinguished. Schluderberg. etc.. Co. v. Baltimore, 151 Md.
608.