MARVIN MANDEL, Governor                                 1617

CHAPTER 401
(Senate Bill 996)
AN ACT concerning

Corporations — General Powers

FOR the purpose of permitting corporations     to be a

promoter, partner, member, associate, or   manager of

any partnership, joint venture, trust     or other
enterprise.

BY repealing and re—enacting, with amendments.

Article 23 — Corporations

Section 9

Annotated Code of Maryland

(1973 Replacement Volume and 1973 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 9 of Article 23 — Corporations, of
the Annotated Code of Maryland (1973 Replacement Volume
and 1973 Supplement) be and it is hereby repealed and
re—enacted, with amendments, to read as follows::

Article 23 — Corporations
9.

(a) Every corporation of this State shall have the
following general powers, except where special provisions
of law relating to corporations of that particular class
are inconsistent herewith:

(1)   To have perpetual existence, or existence for a
limited period if such limitation is stated in a charter
provision adopted on or after June 1, 1908.

(2)   To sue and be sued, complain and defend in all
courts.

(3)    To have and use a corporate seal and alter the
same at pleasure.

(4)    To transact its business, carry on its
operations and exercise the powers granted by this
article in any state, territory, district, or possession
of the United States, and in any foreign country.