ARTICLE 23.
CORPORATIONS.1
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1. When certain sections are operative;
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22. Voting; proxies.
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provisos; particular classes of cor-
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23. When bondholders may vote.
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porations; explanation of terms;
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24. Minority representation — cumulative
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principal office.
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voting.
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25. Failure to elect — corporation not dis-
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Provisions for Formation — Powers.
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solved; subsequent election; acts,
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2. For what purposes corporations may
be formed.
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valid.
26. Fiduciaries and pledgers.
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3; Incorporators; certificate of incor-
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27. Notice, how dispensed with or waived.
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poration.
4. Provisions of charters or by-laws as
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Amendments After Organization.
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to vote of shareholders; when legal
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28. Scope of.
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and binding.
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29. Procedure; bonus tax.
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5. Record of charter; recording fees;
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30. Increase of stock.
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bonus tax.
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31-32. Reduction of stock.
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6. When corporation is formed; evidence
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33-34. Consolidation; merger; bonus tax;
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thereof and of payment of fees, etc.
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by-laws; fees.
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7. How charter may be amended before
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35-36. Consolidation or merger, when ef-
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stock subscribed.
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fective; evidence thereof; by-laws.
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8. General powers of corporations.
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37. Dissenting stockholders.
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38. Sale, lease or exchange of assets; dis-
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Officers, Directors and By-Laws.
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senting stockholders.
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39. Sale, lease or exchange of assets;
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9. Directors; quorum.
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stockholders who failed to vote for.
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10. Resident agent; either such agent or
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director must be resident of Mary-
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Capital Stock.
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land; principal office.
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40. Certificates.
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11. Officers.
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12. Directors; executive committee.
13. Directors — classes.
14-15. By-laws; evidence thereof.
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41. Corporation operating radio station;
ownership of stock by aliens.
42. Classes of stock; dividends.
43. Stock without par value.
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44. Classes of stock convertible; excep-
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Meetings.
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tion.
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16. Annual meetings — notice.
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45-49. Definitions; convertible stock and
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17. Corporations with no members other
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securities; options; stock issued for
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than governing body.
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consideration other than money;
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18. Extraordinary meeting; calls; notice.
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classes of stock.
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19. Meetings upon request; notice. Re-
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50. Stock dividends.
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moval of director.
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51. Liability of stockholders; exceptions.
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20. Where held; quorum.
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52. Books to show consideration for
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21. When only corporation's own stock
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shares and securities.
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may be voted; stock -in other cor-
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53. Stock and securities; fraudulent issue,
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porations.
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penalty.
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As to corrupt practices by corporations re. elections, see art. 33, sec. 225.
As to arbitration between corporations and their employees, see art. 7.
As to monopolies, see art. 41 of the Declaration of Rights.
As to charters for banking purposes, see art. 3, sec. 39, of the Md. Constitution.
And see art. 3, sec. 48, of the Md. Constitution.
As to the taxation of corporate stock, see art. 81, sec. 15, et seq.
As to annual report of corporations to State Tax Commission, see art. 81, sec. }87,
et seq.
