SPIRO T. AGNEW, Governor                      1319

50.    Stock Ledger.

Every corporation shall maintain, at its principal office in the
State or at such other office or agency of the corporation as may be
specified in the by-laws, an original or duplicate stock ledger contain-
ing the names and addresses of all stockholders and the number of
shares of each class held by each stockholder. Such stock ledger may
be in written form or any other form capable of being converted into
written form within a reasonable time for visual inspection.

51.    Stockholder's Right of Inspection.

(a) Any stockholder of a corporation in person or by agent or
attorney, may (1) during usual business hours, inspect and copy the
by-laws, the minutes of the proceedings of the stockholders, [the] any
annual statement of the affairs of the corporation, and any voting
trust agreement on file in the office of the corporation [.]; and
(2) present to any officer or resident agent of the corporation a writ-
ten request for a statement of all issuances of stock and other securi-
ties by the corporation, the consideration received therefor, and
the value thereof as determined by the board of directors, during a
specified period not to exceed twelve months preceding the date of the
request, in which case it shall be the duty of the corporation to pre-
pare, and to have available on file at the principal office of the cor-

poration with the State within twenty days after such request, a

statement sworn to by the president or a vice-president or by the
treasurer or any assistant treasurer, setting forth in reasonable
detail the information so requested. (2) EXCEPT IN THE CASE OF
AN OPEN-ENDED INVESTMENT COMPANY, PRESENT TO
ANY OFFICER OR RESIDENT AGENT OF THE CORPORA-
TION A WRITTEN REQUEST FOR A STATEMENT AS TO ALL
STOCK OR OTHER SECURITIES ISSUED BY THE CORPORA-
TION DURING A SPECIFIED PERIOD NOT TO EXCEED
TWELVE MONTHS PRECEDING THE DATE OF THE RE-
QUEST, IN WHICH CASE IT SHALL BE THE DUTY OF THE
CORPORATION TO PREPARE, AND TO HAVE AVAILABLE ON
FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION
WITHIN THE STATE WITHIN TWENTY DAYS AFTER SUCH
REQUEST, A STATEMENT SWORN TO BY THE PRESIDENT
OR VICE-PRESIDENT OR BY THE TREASURER OR AN ASSIST-
ANT TREASURER, SETTING FORTH THE NUMBER OF
SHARES OR AMOUNTS OF EACH CLASS AND THE CONSID-
ERATION RECEIVED PER SHARE OR PER UNIT (WHICH
MAY BE AGGREGATED AS TO ALL ISSUANCES FOR THE
SAME CONSIDERATION PER SHARE OR PER UNIT), AND,
IN THE CASE OF CONSIDERATION OTHER THAN MONEY,
THE VALUE THEREOF AS DETERMINED BY THE BOARD OF
DIRECTORS.

SEC. 7. And be it further enacted, That Sections 52 (e) and 63(3)
of Article 23 of the Annotated Code of Maryland (1957 Edition), title
"Corporations," subheading "I. Stock Corporations," subtitle "Direc-
tors and Officers," be and the same are hereby repealed; and that Sec-
tions 62(a) (4) and 64 of said Article, title, subheading and subtitle
be and the same are hereby repealed and re-enacted with amendments,
to read as follows; and that Section 63(4) of said Article, title, sub-
heading and subtitle be and the same is hereby redesignated as Sec-
tion 63(3) thereof, as follows: