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Session Laws, 1949
Volume 590, Page 1105   View pdf image (33K)
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WM. PRESTON LANE, JR., GOVERNOR. . 1105

which shall be set forth: (a) the name of the corporation
to survive the merger; (b) any amendments to the char-
ter of such surviving corporation to be effected by the
merger (and as to such amendments, the charter shall
be deemed to be amended accordingly upon the receipt for
record by the State Tax Commission of the agreement of
merger); (c) the total amount of the authorized capital
stock of each of the merging corporations; (d) the terms
and conditions of the proposed merger and the mode of
carrying the same into effect, specifying the total
amount of capital stock of each class of the surviving
corporation to be issued for stock of each class of each of
the other corporations and the manner of converting the
capital stock of each of such other corporations into stock
of the surviving corporation; (e) the counties of this State
in which the principal offices of the merging corporations
are located and the counties of this State in which any of
the merging corporations (other than the corporation sur-
viving the merger) owns property the title to which could
be affected by the recording of an instrument among the
land records, and if any of such merging corporations has
its principal office or owns such property in the City of
Baltimore, the agreement of merger shall so state; and
(f) all such other provisions and details as may be deemed
necessary to perfect the merger.

SEC. 2. And be it further enacted, That Sub-section (2)
of Section 34 of Article 23 of the Annotated Code of Mary-
land (1947 Supp. ), title "Corporations", be and it is here-
by repealed and re-enacted, with amendments, to read as
follows:

34.

(2) If the new corporation to be formed by the con-
solidation, or the corporation to survive the merger, is to
be a corporation organized under the laws of another State,
there shall be an agreement of consolidation or of merger,
as the case may be, in which shall be set forth: (a) the
name of the new or the surviving corporation, the State
under the laws of which it will be organized and the loca-
tion of its principal office in said State; (b) the name and
State of incorporation of each corporation party to said
agreement and, as to each corporation organized under
the laws of another State, the date of incorporation, wheth-
er incorporated under general or by special law (giving
chapter number and year of passage if incorporated by
special law) and, if it is authorized to do business in this
State, the date of its qualification; (c) the terms and con-

 

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Session Laws, 1949
Volume 590, Page 1105   View pdf image (33K)
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