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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 232   View pdf image (33K)
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232 ARTICLE 23.

voted by them either in person or by proxy, and fiduciaries may, upon
proof of title and qualification, vote either in person or by proxy the
shares standing in the name of any person for whom they are authorized
to act; (b) where shares are held jointly by three or more fiduciaries the
will of the majority of such fiduciaries shall control the manner of voting
or the giving of a proxy; (c) where, in any case, the fiduciaries are equally
divided upon the manner of voting the shares jointly held by them, any
court of competent jurisdiction, upon petition filed by any of such
fiduciaries or by any party in interest, may appoint another person to act
with such fiduciaries in determining the manner in which such shares
shall be voted upon the particular questions as to which such fiduciaries
are divided, or may direct the voting of such| shares as it may deem for
the best interest of the beneficiaries. Nothing in sub-paragraphs (b) and
(c) of this paragraph (1) shall apply to fiduciaries appointed by instru-
ment or order dated prior to June 1, 1931.

(2) Except in cases of express trust, or in which other provisions shall
have been made by written agreement between the parties, the record holder
of stock which shall be held by him as security or which shall actually
belong to another, upon demand therefor and payment of necessary ex-
penses thereof, shall issue to such pledger or to such actual owner of such
stock, a proxy to vote thereon.

An. Code, 1924, sec. 27. 1912, sec. 23. 1908, ch. 240, sec. 23. 1916, ch. 596, sec. 23.

1927, ch. 581, sec. 27.

27. No notice of the time, place or purpose of any meeting of members,
stockholders or directors, whether prescribed by law, by the charter or by
the by-laws, need be given to any member or stockholder who attends in.
person or by proxy, or to any director who attends in person, or to any
member, stockholder or director who, in writing executed and filed with
the records of the meeting either before or after the holding thereof, waives
such notice.

See footnote to sec. 10.

Amendments After Organization.

28.

See notes to secs. 39 and 392.

29.

See notes to secs. 39 and 392.

An. Code, 1924, sec. 30. 1912, sec. 26. 1904, sec. 86. 1888, sec. 78. 1868, ch. 471,

sec. 73. 1908, ch. 240, sec. 26. 1916, ch. 596, sec. 26. 1922, ch. 309,

sec. 26. 1931, ch. 480, sec. 30.

30. If an increase of the authorized capital stock of any corporation
shall have been duly authorized, as in Sections 28 and 29 provided, the
articles of amendment shall set forth: (a) the total number and par value
of the shares of the capital stock theretofore authorized and, if more than
one class, the number and par value of the shares of each class; (b) the
total number and par value of the shares of the authorized capital stock


 

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1935 Cumulative Supplement to the Annotated Code of the Public General Laws of Maryland
Volume 378, Page 232   View pdf image (33K)
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