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Session Laws, 1953
Volume 606, Page 755   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 755

(c) of said Section 131, amending the general corpora-
tion laws.

SECTION 1. Be it enacted by the General Assembly of
Maryland,
That Sections 8 (b), 12 (a), 14 (a), 14 (b),
28 (B), 28 (d), 30 (c), 31 (b), 44, 62, 63, 69 (c), 124 (a),
124 (c), 126 (a), 128 (b), 130 (a), 131 (b) and 132 of
Article 23 of the Annotated Code of Maryland (1951 Edi-
tion), title "Corporations", be and they are hereby repealed
and re-enacted, with amendments, to read as follows:

8.

(b) A corporation may designate or change its resident
agent or its principal office in this State by filing for record
with the Commission a certified copy of a resolution of the
board of directors of the corporation authorizing such
designation or change. A corporation may change the post
office address of its resident agent by filing for record with
the Commission a statement of such change signed by the
president or a vice-president. Such designation or change
of name or address of a resident agent or principal office
shall become effective upon the acceptance for record by the
Commission
[filing] of the resolution or statement [with
the Commission. ].

12.

(a) All articles of amendment shall set forth the amend-
ment to the charter and shall state either (1) that the
amendment has been duly advised by the board of directors
and approved by the stockholders, or (2) that the amend-
ment has been approved by a majority of the entire board
of directors and (i) there were at the time of such adoption;
no shares of stock [outstanding and] entitled to vote
thereon or (ii) the amendment consists only of a change
in the name of the corporation to delete therefrom the
word 'The' or the name of the county or city in which the
corporation was formed.

If the authorized stock of the corporation is increased
by the amendment, the articles shall also set forth—

(1) The total number of shares of all classes theretofore
authorized, and the number and par value of the shares
of each class or a statement that such shares are without
par value and, in the case of shares having par value, the
aggregate par value of all such shares of all classes.

(2) The total number of shares of all classes as in-
creased and the number and par value of the shares of each


 

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Session Laws, 1953
Volume 606, Page 755   View pdf image (33K)
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