398                               Laws of Maryland                      [Ch. 132

CHAPTER 132
(House Bill 216)

AN ACT to repeal and re-enact, with amendments, Sections 66(g),
67(d), 161H-A and 418 of Article 23 of the Annotated Code of
Maryland (1966 Replacement Volume and 1970 Supplement), title
"Corporations," subtitles "Stock Corporations," and "Particular
Classes of Corporations," respectively, subheadings "Consolidation,
Merger and Other Transfers of Property Not in the Ordinary
Course of Business," "Associations," and "Development Credit Cor-
poration," respectively, amending the laws of this State concerning
corporations in order to correct certain language and references
therein.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 66(g), 67(d), 161H-A and 418 of Article 23 of the
Annotated Code of Maryland (1966 Replacement Volume and 1970
Supplement), title "Corporations," subtitles "Stock Corporations,"
and "Particular Classes of Corporations," respectively, subheadings
"Consolidation, Merger and Other Transfers of Property Not in the
Ordinary Course of Business," "Associations," and "Development
Credit Corporation," respectively, be and they are hereby repealed
and re-enacted, with amendments, to read as follows:

66.

(g) (1) The Department shall prepare a certificate or certificates
of consolidation, merger, or transfer, as the case may be, giving the
names of the parties to the articles, the name and the location of the
principal office or place of business of the new or the surviving cor-
poration or of the transferee, and the time of the acceptance of the
articles for record by the Department. In addition to other provisions
of law with respect to recordation, one of [such] the certificates
shall be transmitted by the Department to the clerk of court of each
county in this State (other than any county in which the articles
will be recorded), in which the principal offices of one or more of the
consolidating, merging or transferor corporations are located and of
each county of this State in which the articles show any [of said]
consolidating, merging or transferor corporations, other than the
corporation surviving the merger, owns property the title to which
could be affected by the recording of an instrument among the land
records. Upon receipt of [said] the certificate, the clerk of court
shall promptly record the same among the charter records, if it relates
to the location of a principal office, and among the land records, if it
relates to property the title of which could be affected by the record-
ing of an instrument among the land records.

(2) In order to maintain the currency of the land assessment
records in the several counties, the Department may require that
there be submitted with the articles of consolidation, merger, or
transfer a certificate for each county in which is located property
owned by any [of said] consolidating, merging, or transferor cor-
porations, other than the corporation surviving the merger, the title
to which property could be affected by the recording of an instrument
among the land records, [said] the certificate to provide a deed
reference or other description sufficient to identify [such] the
property; and the Department shall indicate on the certificate the