1542

LAWS OF MARYLAND

[Ch. 311

2-209. STOCK LEDGER.

(A)   CONTESTS.

EACH CORPORATION SHALL MAINTAIN A STOCK LEDGER WHICH
CONTAINS:

(1)   THE NAME AND ADDRESS OF EACH STOCKHOLDER;
AND

(2)   THE NUMBER OF SHARES OF STOCK OF EACH
CLASS WHICH THE STOCKHOLDER HOLDS.

(B)   FORM.

THE STOCK LEDGER MAY BE IN WRITTEN FORM OR IN ANY
OTHER FORM WHICH CAN BE CONVERTED WITHIN A REASONABLE
THE INTO WRITTEN FORM FOR VISUAL INSPECTION.

(C)       LOCATION OF LEDGER.

THE ORIGINAL OR A DUPLICATE OF THE STOCK LEDGER
SHALL BE KEPT AT THE PRINCIPAL OFFICE OF THE CORPORATION
OR AT ANY OTHER OFFICE OR AGENCY SPECIFIED IN THE BYLAWS.

REVISOR'S NOTE: This section is new language derived
without substantive change from Art. 23, §50.

2-210. ISSUANCE OF STOCK CERTIFICATE.

(A)  STOCKHOLDER ENTITLED TO CERTIFICATE.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS
SECTION, EACH STOCKHOLDER IS ENTITLED TO STOCK
CERTIFICATES WHICH REPRESENT AND CERTIFY THE [[NUMBER
OF]] SHARES OF STOCK BE HOLDS IN THE CORPORATION.

(B)  WHEN CERTIFICATE MAY NOT BE ISSUED.

A STOCK CERTIFICATE    MAY NOT BE ISSUED UNTIL THE

STOCK REPRESENTED BY IT   IS FULL PAID, EXCEPT IN THE CASE

OF STOCK PURCHASED UNDER    AN OPTION PLAN AS PROVIDED BY
§2-207 OF THIS SUBTITLE.

REVISOR'S NOTE: Subsection (a) of this section
presently appears as Art. 23, §27(a).

Subsection (b) of this section is new language
derived without substantive change from Art.
23, §27(d).

The only changes are in style.

2-211. CONTENTS OF STOCK CERTIFICATE.