HARRY W. NICE, GOVERNOR, 1139
CHAPTER 550.

AN ACT to add a new section to Article 16 of the Anno-
tated Code of Maryland (Edition of 1924), title "Chan-
cery, " sub-title "Jurisdiction, " said new section to be
known as Section 116B and to follow immediately after
Section 116A of said Article as the same was enacted by
Chapter 291 of the Laws of 1931, relating to the appoint-
ment of receivers.

(Vetoed)

CHAPTER 551.
AN ACT to alter and amend the corporation laws.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That Sections 13 and 33 of Article 23 of the
Annotated Code of Maryland (Edition of 1924) be and the
same are hereby repealed and re-enacted with amendments
so as to read respectively as follows:

13. The board of directors may exercise all the
powers of the corporation, except such as are by law or
by the charter or by the by-laws conferred upon or re-
served to the stockholders or members. The by-laws may
provide for an executive committee of two or more mem-
bers to be elected from and by the board of directors; and
to such committee may be delegated any or all of the powers
of the board of directors in the management of the busi-
ness and affairs of the corporation, to the extent authorized
by such by-laws. The by-laws may fix, or authorize the
board of directors to fix, the number of members of the
executive committee, and the by-laws may also provide
that in the absence of a member or members of
the executive committee, the members thereof present
at any meeting (whether or not they constitute a
quorum) may appoint a member or members of the
board of directors to act in the place or places of such
absent member or members.

33. Any one or more corporations of this State having
capital stock, heretofore or hereafter incorporated, may be
consolidated with another such corporation of this State to
form a new corporation, or may be merged into another
such corporation of this State, in the manner following: