356 LAWS OF MARYLAND [CH. 135

charter paper is transmitted for recording. The Commission
shall pay over 50¢ out of the special fee collected by it to the
clerk of court to whom each notice of change of principal
office, and notice of change of name or address of resident agent
is transmitted for recording. The Commission shall pay over
$1 out of the special fee collected by it to the clerk of court to
whom each certificate of consolidation, merger, sale, lease, ex-
change or transfer is transmitted for recording.

(c) The Commission shall account quarterly to the Comp-
troller for all bonus taxes and for all recording, filing or other
fees collected by the Commission and not expended or paid
out by the Commission as in this section provided, and shall
pay the same forthwith to the State Treasurer for the use of
the State.

127. (Effect of Acceptance for Recording or Filing. )

(a) Except as otherwise expressly provided in this Article,
all charter papers shall become effective upon the acceptance
thereof for record or filing by the Commission, and not before.

(b) Upon acceptance for record by the Commission of any
articles of incorporation, the proposed corporation shall, ac-
cording to the purposes, conditions and provisions contained
in such articles of incorporation, become and be a body corpo-
rate by the name therein stated. Such acceptance for record
shall be conclusive evidence of the formation of the corpora-
tion except in a direct proceeding by the State for the forfei-
ture of the charter.

(c) The acceptance for record or filing by the Commission
of any charter paper shall be conclusive evidence of the pay-
ment of all recording, filing and other special fees, and of the
bonus and other taxes (if any) payable by law, except in a
direct proceeding by the State for the forfeiture of the char-
ter, or in a direct proceeding by the State or any political
subdivision thereof for the enforcement of any other right or
remedy.

(d) A duly certified copy of any articles of incorporation,
certificate of incorporation or other instrument under which
the corporation was formed, from the records of the Commis-
sion, the Secretary of State, or the Clerk of Court, shall be
evidence of the existence of the corporation and of its right
to exercise the powers therein mentioned. A duly certified
copy of any other charter paper from such records shall be
evidence of the facts and corporate action therein required to
be stated.