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Session Laws, 1908 Session
Volume 483, Page 30   View pdf image (33K)
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30 LAWS OF MARYLAND.

under its seal by the president and secretary or treasurer
thereof, shall be received as prima facie evidence of such by-
laws in the courts of this State.

MEETINGS.
Regular and General Meetings.

SEC. 14. Every corporation, which is subject to the provisions
of this article, shall hold annually a stated or regular meeting
for the election of directors and for the transaction of general
business; the time and place of holding such meetings, and the
notice to be given thereof and of the business to be transacted
thereat, may be regulated by the by-laws; and unless otherwise
provided by the by-laws, each shareholder or member shall be
given notice of the place, day and hour of such meeting in the
manner provided for in the next succeeding section; and such
annual meetings shall be general meetings—that is to say, open
for the transaction of any business within the powers of the
corporation without special notice of such business, unless such
notice is required by this article or by the by-laws.

Extraordinary Meetings.

SEC. 15. At any time in the interval between regular meetings,
extraordinary meetings of the shareholders or members may
be called by the president, or by a majority of the board of
directors, or by a majority of the executive committee (if the
by-laws provide for an executive committee, and confer such
power upon such executive committee), upon ten days' written
or printed notice, stating the place, day and hour of such meet-
ing and the business proposed to be transacted thereat; such-
notice shall be given to each shareholder or member by leaving
the same with him or at his residence or usual place of busi-
ness, or by mailing it, postage prepaid, and addressed to him at
his address, as it appears upon the books of the corporation;,
and no business shall be transacted at such meetings except
that specially named in the notice.

SEC. 16. Upon the request in writing delivered to the president
or secretary or any director, of a majority of all the members,
or of the holders of a majority of all the shares outstanding and
entitled to vote, it shall be the duty of such president, secre-
tary or director to call forthwith a meeting of the shareholders
or members. Such request shall state the purpose of the meet-
ing, and notice thereof shall be given as required by the next
preceding section. If the person to whom such request in
writing shall have been delivered shall fail to issue a call for
such meeting, within three days after the receipt of such

 

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Session Laws, 1908 Session
Volume 483, Page 30   View pdf image (33K)
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