MARVIN MANDEL, Governor

1499

"PRINCIPAL OFFICE" MEANS:

(1)     THE PLACE IN THIS STATE FILED OR
RECORDED WITH THE DEPARTMENT AS THE PRINCIPAL OFFICE OF
A CORPORATION; OR

(2)    IF THERE IS NO PRINCIPAL OFFICE
DESIGNATED, THE MAIN OFFICE OF THE CORPORATION IN THIS
STATE FOR THE TRANSACTION OF BUSINESS.

REVISOR'S NOTE: This subsection presently appears as
Art. 23, §2(10).

The only changes are in style.

(R) RESIDENT AGENT.

"RESIDENT AGENT" MEANS AN INDIVIDUAL RESIDING IN
THIS STATE OR A MARYLAND CORPORATION WHOSE NAME, ADDRESS,
AND DESIGNATION AS A RESIDENT AGENT ARE FILED OR RECORDED
WITH THE DEPARTMENT IN ACCORDANCE WITH THE PROVISIONS OF
THIS ARTICLE.

REVISOR'S NOTE: This subsection presently appears as
Art. 23, §2(11).

The reference to an individual "actually"
residing in this State is deleted as
unnecessary.

The only ether changes are in style.

(S) STATED CAPITAL.

"STATED CAPITAL" MEANS THE AMOUNT OF STATED CAPITAL
DETERMINED IN ACCORDANCE WITH TITLE 2, SUBTITLE 3 OF THIS
ARTICLE.

REVISOR'S NOTE: This subsection is new language
derived in part from Art. 23, §2(12); it is
revised to define "stated capital" as provided
in Title 2, Subtitle 3.

(T) STOCKHOLDER.

"STOCKHOLDER" MEANS A PERSON WHO HOLDS SHARES OF
STOCK IN A CORPORATION AND INCLUDES A MEMBER OF A
CORPORATION ORGANIZED WITHOUT CAPITAL STOCK.

REVISOR'S NOTE: This subsection presently appears as
Art. 23, §132(c). It is transferred here
since the definition applies throughout this
article.