MARVIN MANDEL, Governor                                1483

(1)         Jointly and severally liable to the
corporation or, in the event that the corporation is
insolvent, its receiver or other person winding up its
affairs; and

(2) Entitled to contribution from those other
directors and officers who are also liable.]

SECTION 2. AND BE IT FURTHER ENACTED, That Sections
1-101(c), 1-101(e), 1-101(f), 1-101 (g), 1-101(u),
1-203(1),        1-203(2),        1-301 (a), 2-103(13), 2-106(a),

2-203(d), 2-206(b), 2-207(a), 2-210(b), 2-211 (a),
2-211(c), 2-216(a), 2-310(b), 2-315, 2-401, 2-4 06, 2-411,
2-418(c), 2-418(f), 2-418(g), 2-605, 2-607 (a) , 2-611 (a),
2-611(c), 3-102, 3-103, 3-104 (a), 3-105, 3-106(c),
3-106(d), 3-107, 3-108 (a), 3-108 (c) , 3-109(a), 3-110,
3-111(a), 3-111(b), 3-113 (a), 3-202, 3-203, 3-204,
3-211(c), 3-213(a), 3-213(c), 4-303, 4-601, 5-117, 5-201,
5-208, 5-507(a), 5-512(a), 5-525(b), 5-527 (a) , 5-528 (c) ,
5-531, 5-532(b), 6-120(a), 6-126(a)(1), 6-126(b),
6-147(a)(1), 6-220(a), 6-305(a), 6-306(b), 6-316 (a),
6-326(e), 10-112(a), 11-102(a), 11-601(1), and

11-703(f)(1) of Article — Corporations and Associations,
of the Annotated Code of Maryland (1975 Volume and 1975
Supplement) be and they are hereby repealed and
reenacted, with amendments, to read as follows:

Article — Corporations and Associations

1-101.

(c) "Articles of transfer" means articles of sale,
articles of lease, articles of ASSET exchange, or
articles of transfer.

(e) (1) "Charter" includes:

(i) A charter granted by special act of the
General Assembly;

(ii) Articles or certificate of incorporation;

(iii) Amended articles or certificate of
incorporation;

(iv) Articles of restatement, if approved as
described in §2—609 of this article;

(v) Articles of amendment and restatement;
and

(vi) Articles or agreements of consolidation.

(2)   "Charter" includes the documents referred
to in paragraph (1) of this subsection, either as:

(i) Originally passed or accepted for record;
or