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Session Laws, 1975
Volume 716, Page 1592   View pdf image
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1592

LAWS OF MARYLAND

[Ch. 311

(1)   BYLAWS;

(2)    MINUTES OF THE PROCEEDINGS OF THE
STOCKHOLDERS;

(3)   ANNUAL STATEMENTS OF AFFAIRS; AND

(4)    VOTING TRUST AGREEMENTS ON FILE AT THE
CORPORATION'S PRINCIPAL OFFICE.

(B) INSPECTION OF STOCK RECORDS.

(1)   ANY STOCKHOLDER OR HOLDER OF A VOTING
TRUST CERTIFICATE IN A CORPORATION OTHER THAN AN
OPEN-ENDED INVESTMENT COMPANY MAY PRESENT TO ANY OFFICER
OR RESIDENT AGENT OF THE CORPORATION A WRITTEN REQUEST
FOR A STATEMENT SHOWING ALL STOCK AND SECURITIES ISSUED
BY THE CORPORATION DURING A SPECIFIED PERIOD OF NOT MORE
THAN 12 MONTHS BEFORE THE DATE OF THE REQUEST.

(2)   WITHIN 20 DAYS AFTER A REQUEST IS MADE
UNDER THIS SUBSECTION, THE CORPORATION SHALL PREPARE AND
HAVE AVAILABLE ON FILE AT ITS PRINCIPAL OFFICE A SWORN
STATEMENT OF ITS PRESIDENT OR TREASURER OR ONE OF ITS
VICE-PRESIDENTS OR ASSISTANT TREASURERS WHICH STATES:

(I)   THE NUMBER OF SHARES [[OF STOCK]] OR
AMOUNTS OF EACH CLASS OF STOCK OR OTHER SECURITIES ISSUED
DURING THE SPECIFIED PERIOD;

(II)    THE CONSIDERATION RECEIVED PER SHARE OR
UNIT, WHICH MAY BE AGGREGATED AS TO ALL ISSUANCES FOR THE
SAME CONSIDERATION PER SHARE OR UNIT; AND

(III)   THE VALUE OF ANY CONSIDERATION OTHER
THAN MONEY AS SET IN A RESOLUTION OF THE BOARD OF
DIRECTORS.

REVISOR'S NOTE: This section synthesizes without
substantive change the provisions of present
Art. 23, §51 (a) and (c).

In subsection (a) of this section, the present
reference to the right of party's "attorney"
to inspect is deleted as unnecessary since an
attorney in this case would also be an agent.
Also, reference to the principal office "in
this state" is deleted since principal office
is defined as being the corporation's
principal office in this State. See §1—101 of
this article.

The only other changes are in style.

 

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Session Laws, 1975
Volume 716, Page 1592   View pdf image
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