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Proceedings of the Senate, 1916
Volume 658, Page 638   View pdf image (33K)
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638 JOURNAL OF PROCEEDINGS [Mar. 20

division (1) of Section 35 of Article 23 of the Annotated Code
of Maryland, strike out down to and including the words
'statement' as the same first appears in line 44 of said section,
and insert in lieu thereof the following: 'such statement, to-
gether with a copy thereof, shall be delivered to the State
Tax Commission, which upon the payment, and not before,
of the recording fees for which provision is hereinafter made,
shall receive the same for record and endorse thereon the date
and time of such receipt and promptly record the same, and
when recorded the State Tax Commission shall transmit a
copy thereof duly certified by it to the Clerk of the Circuit
or Superior Court (according to the location of the principal
office of the corporation) by whom the same shall be again re-
corded. At the time of receiving such statement for record
the State Tax Commission shall collect recording fees of five
dollars; two dollars of which shall be paid by it for recording
the same to the Clerk of the Circuit or Superior Court to
whom such statement shall be transmitted for recording as
aforesaid; and for the balance it shall account quarterly to
the Comptroller and pay the same forthwith to the State
Treasurer for the use of the State. '"

No. 11—"In Section 15, page 35 of the printed Bill, in line
5 of Section 88-H of Article 23 of the Annotated Code, as
enacted thereby, after the word 'Commission, ' insert the fol-
lowing: 'State Tax Commissioner or Secretary of State. '"

No. 12—"Add a new section to be known as Section 9-A and
to follow immediately after Section 9 of the printed Bill and
to read as follows:

Section 9-A. And be it further enacted, That Section 31 of
Article 23 of the Annotated Code of Maryland be and the
same is hereby repealed and re-enacted, with amendments, so
as to read as follows:

'31. Any stockholder of any corporation consolidating as
aforesaid, who at such meeting voted against the agreement
submitted, may, within twenty days after the agreement of
consolidation has been delivered to the State Tax (Commis-
sioner) Commission, but not afterwards, make upon the con-
solidated corporation a written demand for the payment for
his stock, and shall thereupon be entitled to receive the fair
value thereof, and if the dissenting stockholder and the con-
solidated corporation shall fail to agree upon the fair value of
said stock, or if, having agreed, the corporation shall fail to
pay or tender the amount thereof, the dissenting stockholder
may, within thirty days after such written demand, apply by

 

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Proceedings of the Senate, 1916
Volume 658, Page 638   View pdf image (33K)   << PREVIOUS  NEXT >>


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