1544

LAWS OF MARYLAND

[Ch. 311

CERTIFICATE SHALL:

(1)     CONTAIN A FULL STATEMENT OF THE
RESTRICTION; OR

(2)   STATE THAT THE CORPORATION WILL FURNISH
INFORMATION ABOUT THE RESTRICTION TO THE STOCKHOLDER ON
REQUEST AND WITHOUT CHARGE.

REVISOR'S NOTE: This section presently appears as
Art. 23, §27(c).

References in present §27 (c) to the authority
to "determine" rights, etc. and to a
"limitation" on transferability are deleted as
unnecessary. They are covered by the terns
"set" and "restriction," respectively.

The only other changes are in style.

2-212. SIGNATURE AND SEAL ON CERTIFICATES FOR STOCK AND
OTHER SECURITIES.

(A)   CERTIFICATES FOR STOCK.

EACH STOCK CERTIFICATE SHALL BE SIGHED BY THE
PRESIDENT, A VICE-PRESIDENT, OR THE CHAIRMAN OF THE BOARD
AND COUNTERSIGNED BY THE SECRETARY, AN ASSISTANT
SECRETARY, THE TREASURER, OR AN ASSISTANT TREASURER.

(B)   CERTIFICATES FOR STOCK AND OTHER SECURITIES.

EACH CERTIFICATE WHICH REPRESENTS ANY STOCK, BOND,
NOTE, GUARANTY, OBLIGATION, OR OTHER CORPORATE SECURITY:

(1)    MAY BE SEALED WITH THE ACTUAL CORPORATE
SEAL OR A FACSIMILE OF IT OR IN ANY OTHER FORM; AND

(2)   THE SIGNATURES MAY BE EITHER MANUAL OR
FACSIMILE SIGNATURES.

(C)     VALIDITY OF CERTIFICATE SIGNED BY FORMER
OFFICER.

A CERTIFICATE DESCRIBED IN THIS SECTION IS VALID AND
MAY BE ISSUED WHETHER OR NOT AN OFFICER WHO SIGNED IT IS
STILL AN OFFICER WHEN IT IS ISSUED.

REVISOR'S NOTE: This section synthesizes Art. 23, §§
27(b) and 127A which duplicate each other.

The only changes are in style.

2-213. LOST STOCK CERTIFICATE.