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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 783   View pdf image (33K)
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CORPORATIONS 783

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. 9.

See notes to sec. 16.

Amendments After Organization.

An. Code, 1924, sec. 28. 1912, sec. 24. 1904, secs. 55, 82, 83, 84, 85, 86. 1888, secs. 47, 74,

75, 76, 77, 78. 1868, ch. 471, secs. 42, 69, 70, 71, 72, 73. 1890, ch. 339. 1892, ch. 39.

1894, ch. 557. 1908, ch. 240, sec. 24. 1916, ch. 596, sec. 24. 1920,

ch. 545, sec. 24. 1922, ch. 309, sec. 24.

28. Every corporation of this State, heretofore or hereafter incorpo-
rated, may from time to time and in the manner hereinafter provided,
amend its charter and thereby accomplish any one or more of the following
objects: The addition to or diminution of the corporate purposes, and
powers, or the substitution of other purposes and powers in whole or in
part for those set forth in the charter; the changing of the corporate busi-
ness; the changing of the corporate name; the changing of the location of
the principal office; the increasing of the authorized capital stock by
increasing the number of shares thereof and the classification, if desired,
of such increase; the decreasing of the authorized but unissued capital
stock by reducing the number of shares thereof; the changing of the number
and/or par value of shares of the capital stock or of any class thereof,
provided that the total amount of outstanding stock is not thereby increased;
the classification or reclassification of all or any part of the capital stock;
and the making of any other amendment of the charter that may be desired,
provided that such amendment shall contain only such provisions as it would
be lawful or proper to insert in an original certificate of incorporation made
at the time of making such amendment. No amendment of the charter
of a corporation shall be valid which changes the terms of any of the out-
standing stock by classification, reclassification or otherwise, in the absence
of a reservation in the charter of the right to make such amendment, unless
such change in the terms thereof shall have been authorized by the holders


 

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The Annotated Code of the Public General Laws of Maryland, 1939
Volume 379, Page 783   View pdf image (33K)
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