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Session Laws, 1949
Volume 590, Page 1174   View pdf image (33K)
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1174 LAWS OF MARYLAND. [CH. 485

28. (Renunciation of Compact. ) The Articles of this
addition to said Compact of 1785 herein adopted shall
remain in full force and effect unless renounced in whole
or in part by the Legislature of the State of Maryland or
the Legislature of the Commonwealth of Virginia. No
such renunciation of any part or all of said Articles shall
be effective for three (3) years after the adoption of the
legislation by each State purporting to effect such renunci-
ation. Any such prospective renunciation which has been
adopted by the Legislature of either State may, before
its effective date, be revoked, and thereafter, said Articles
shall remain unaffected by the proposed but revoked re-
nunciation. The power of renunciation herein given shall
not extend to the renunciation of any part of the original
Compact of 1785 between the State of Maryland and the
Commonwealth of Virginia.

SEC. 2. And be it further enacted, That these Articles
hereby added to the Compact of 1785 shall become effective
thirty (30) days after their approval and ratification by
the Congress of the United States, subsequent to their
adoption by the Legislatures of the Commonwealth of
Virginia and the State of Maryland.

Approved April 29, 1949.

CHAPTER 485
(Senate Bill 433)

AN ACT to repeal and re-enact, with amendments, sub-
section (2) of Section 29 of Article 23 of the Annotated
Code of Maryland (1947 Supp. ), title "Corporations",
sub-title "Amendments after Organization", relating to
the amendment of charters of corporations of this State.

SECTION 1. Be it enacted by the General Assembly of Maryland,
That sub-section (2) of Section 29 of Article 23 of the
Annotated Code of Maryland (1947 Supp), title "Corpora-
tions", sub-title "Amendments after Organization", be and
the same is hereby repealed and re-enacted, with amend-
ments so as to read as follows:

29.

(2). ..

Such amendment or amendments may be adopted by vote
of a majority of the entire board of directors without the

 

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Session Laws, 1949
Volume 590, Page 1174   View pdf image (33K)
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