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Session Laws, 1949
Volume 590, Page 1106   View pdf image (33K)
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1106 LAWS OF MARYLAND. [CH. 452

ditions of the proposed consolidation or merger and the
mode of carrying the same into effect, specifying the total
amount of capital stock of each class of the new or 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 cor-
porations into stock of the new or the surviving corpora-
tion; (d) the counties of this State in which the principal
offices of the consolidating or merging corporations are
located and the counties of this State in which any of the
consolidating or merging corporations (other than the cor-
poration surviving a 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 corporations
has its principal office or owns such property in the City
of Baltimore, the agreement shall so state; and (e) the
name and address of an agent of the new or surviving cor-
poration, as the case may be, resident in this State, service
of process upon whom shall bind such corporation in any
action or proceeding instituted, filed or pending against it
under the provisions of Section 35 or Section 37 of this
Article until the appointment of a substitute is duly certi-
fied to the State Tax Commission.

SEC. 3. And be it further enacted, That a new section be
added to Article 23 of the Annotated Code of Maryland
(1939 Edition), title "Corporations", to be known as Sec-
tion 37A and to read as follows:

37A. Every corporation heretofore or hereafter in-
corporated, which is subject to the jurisdiction of the
Public Service Commission of Maryland, and every other
corporation of this State hereafter incorporated, may
be consolidated with another such corporation of this State
or with any one or more corporations of another State or
States or may be merged with or into another such cor-
poration of this State or a corporation of another State.
The word "State" as used herein includes the United
States, any State of the United States, the District of
Columbia and any territory or insular possession of the
United States.

Such consolidation or merger shall, in appropriate cases,
be made in accordance with Sub-sections 1, 2, 4, 5 and 6 of
Section 33 of this Article, or in accordance with Sub-sec-
tions 1, 2, 4 and 5 of Section 34 of this Article and in ac-
cordance with Sections 35 and 36 of this Article, and in
accordance with the following provisions:

1. In cases in which all of the corporations so con-
solidating or merging are corporations incorporated

 

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Session Laws, 1949
Volume 590, Page 1106   View pdf image (33K)
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