890                                     LAWS OF MARYLAND                                 Ch. 261

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 14, 1979.

CHAPTER 262

(Senate Bill 437)

AN ACT concerning

Corporations - Technical Language

FOR the purpose of clarifying the language concerning
execution of articles of a corporation; and specifying
a minimum time for a record date or closing of transfer
books.

BY repealing and reenacting, with amendments,

Article - Corporations and Associations
Section l-301(a), l-301(b)(l), and 2-511(b)(l)
Annotated Code of Maryland
(1975 Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Corporations and Associations

1-301.

(a) Articles supplementary and articles of amendment,
restatement, restatement and amendment, reduction, reduction
and amendment, consolidation, merger, share exchange,
transfer, and extension and, except as provided in § 3-406
(b) of this article, articles of dissolution shall be
executed as follows:

(1)  They shall be signed and acknowledged for
each corporation party to the articles by its president or
one of its vice-presidents;

(2)  They shall be witnessed or attested by the
secretary or an assistant secretary of each corporation
party to the articles;

(3)  They shall be signed and acknowledged for
each other entity party to the articles by a majority of the
entire board of trustees or other governing body; and