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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 49   View pdf image (33K)
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ART. 26.] CORPORATIONS,

49

said corporation, and showing their places of residence,
the number of shares held by them respectively, and
the time when they respectively became the owners of
such shares, which book shall, during the usual busi-

 

ness hours of every business day, be open for the in-
spection of stockholders or creditors of the corporation
at the principal office of the said corporation in this
state; and every officer or agent of any such corpora-
tion who shall neglect or refuse to exhibit the same,
shall be deemed guilty of a misdemeanor, and the cor-
poration shall forfeit and pay to the party injured, a

Open to stock-
holders and
creditors

penalty of fifty dollars for every such neglect or re-
fusal, and all the damages resulting therefrom to be
recovered in an action of debt before a justice of the
peace.

Penalty.

68. It shall be the duty of every corporation formed
under this article, having a capital stock, to cause to
be made in the first week in January and July in each
and every year, a full and particular statement of the
affairs of said company, verified by the oaths or affir-
mations of its President and Treasurer or chief finance
officer, which statement shall consist of a particular
account of its assets and liabilities in minute details,
calculated to the time of making up the statement as

Annual state-
ments of affairs
under oath

aforesaid. Each of the said statements so made up
shall be recorded in a book kept in the principal office
of the said corporation in this state.

To be recorded
in corpora-
tion's office

69. Any corporation formed under this article, or
under the general laws of this state, or under any spe-
cial law, and having a capital stock, may increase or
diminish the same to any amount that may be deemed
sufficient and proper for the purposes of the corpora-
tion by complying with the provisions of the following

How capital
stock increased
or diminished.

sections, but every corporation incorporated under any
special law, which shall so increase or diminish its
capital stock, shall remain subject in other particulars
to all the limitations contained in its charter, or in any
supplement thereto; and every corporation incorpo-
rated under the general laws of this state, or under
this article, which shall so diminish or increase its

Corporation
under special
law



 
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Supplement to the Maryland Code, Containing the Acts of the General Assembly, Passed at the Session of 1868
Volume 385, Page 49   View pdf image (33K)
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