736 LAWS OF MARYLAND. [CH. 309

hereafter incorporated, provides for members thereof as such,
and in any case in which any such corporation has in fact no
members other than the members of its governing body or board
by whatever name they may be called, the members for the
time being of its governing body or board shall, for the pur-
poses of any statutory provision or rule of law relating to
members of corporations having no capital stock, be taken to be
the members of such corporation, as well as members of such
governing body or board, and may meet as members of such
corporation and exercise all of the rights and powers of mem-
bers thereof.

SEC. 3. And be it further enacted, That Sections 17, 19,
24, 26 and 34 of Article 23 of the Annotated Code be and the
same are hereby repealed and re-enacted with amendments so
as to read, respectively, as follows:

17. All meetings of the stockholders or members shall be
held in this State. The presence, in person or by proxy, of
stockholders or members entitled to cast a majority in number
of votes, shall be necessary to constitute a quorum, unless the
charter otherwise provides; provided, however, that building
associations, athletic or social clubs, or mutual insurance com-
panies, whose policy-holders, for the time being, are the mem-
bers thereof, and corporations having no capital stock may
provide by their by-laws what shall constitute a quorum. Ex-
cept in cases in which it is by this Article, or by charter or
by-law provision not inconsistent with this Article, otherwise
provided, a majority of the votes cast, at a duly constituted
meeting, shall be sufficient to elect and pass any measure. If
so provided in the by-laws of any corporation having no capital
stock, any action required by law to be taken or authorized by
the affirmative vote of a majority or other designated propor-
tion of all of the members shall be effective and valid if taken
or authorized by not less than a majority or not less than such
other designated proportion, as the case may be, of all of the
votes thereon to which all of the members present, in person
or by proxy, at a duly constituted meeting shall be entitled.

19. Each stockholder of every corporation of this State
having capital stock shall be entitled to one vote for every
share of stock standing in his name, unless otherwise provided
by the charter; but no shares, original or increased, shall
be voted by any holder if any installment payable thereon in
accordance with the terms of the subscription contract or duly