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Session Laws, 1951
Volume 603, Page 270   View pdf image (33K)
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270 LAWS OB1 MARYLAND [CH. 135

(d) The requirements of this Article shall be taken and
deemed to be in addition to, but not in substitution for, any
other requirements of law relating to any particular corpora-
tion or class of corporation, or the business done or trans-
actions effected by any such corporation, whether existing on
June 1, 1951 or thereafter formed.

(e) In the event of any inconsistency between any of the
provisions of this Article or any other Article of the Anno-
tated Code of Maryland, relating to particular classes of cor-
porations and the provisions of this Article which are of
general applicability, the former shall prevail to the extent of
such inconsistency; provided, however, that any corporation
the operations of which are to be conducted entirely outside
this State may be formed and managed pursuant to the pro-
visions of this Article which are of general applicability, and
without reference to or compliance with the provisions re-
lating to particular classes of corporations.

(f) Nothing in this Article shall be taken or construed as
releasing, affecting or impairing rights existing on June 1,
1951, of any creditor of any corporation, association or Joint
stock company, or the obligations or liability on said date
of any corporation, association or joint stock company, or of
any stockholder, member, director or officer thereof.

(g) The charter of every corporation formed prior to June
1, 1951, which is subject to repeal or modification and the
charter of every corporation formed under the provisions of
this Article shall be subject to repeal or modification by public
general law of the General Assembly.

(h) If any provision of this Article or the application of
such provision to any person or circumstance shall be held
invalid, the validity of the remainder of the Article, and the
applicability of such provision to other persons or circum-
stances, shall not be affected thereby.

I. STOCK CORPORATIONS

DEFINITIONS.

2. (Definitions. ) The following terms shall have the mean-
ing specified below, for the purposes of this Article, unless the
context otherwise clearly requires:

(1) "Charter" includes charters granted by special act of
the General Assembly, articles or certificates of incorporation,
amended articles or certificates of incorporation, articles of
restatement of the charter and articles or agreements of con-
solidation; either as originally passed or accepted for record,


 

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Session Laws, 1951
Volume 603, Page 270   View pdf image (33K)
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