HARRY HUGHES, Governor

891

(4) Except as provided in subsection (b) of this
section, the matters and facts set forth in the articles
with respect to authorization and approval shall be verified
under oath as follows:

(i) With respect to any Maryland
corporation party to the articles, by the chairman or the
secretary of the meeting at which the articles or
transaction were approved, or BY the president,
vice-president, secretary, or assistant secretary of the
corporation;

(ii) With respect to any foreign
corporation party to articles of consolidation, merger, or
share exchange, by the president, vice-president, secretary,
or assistant secretary of the corporation; and

(iii) With respect to any other Maryland
or foreign entity party to the articles, by the president,
vice-president, secretary, assistant secretary, managing
trustee, or persons acting in a similar position for the
entity.

(b) When articles of transfer are executed:

(1) With respect to the transferor corporation,
the requirements of subsection [(a)(3)(i)] (A)(4)(I) apply;

2-511.

(b) As set by the bylaws or the board of directors:

(1) Except as otherwise provided in this
section, the record date may not be SOONER THAN PRIOR TO THE
CLOSE OF BUSINESS ON THE DAY THE RECORD DATE IS FIXED 0R
more than. THE RECORD DATE SHALL BE WITHIN 60 days before
the date on which the action requiring the determination
will be taken;

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 14, 1979.

CHAPTER 263
(Senate Bill 463)
AN ACT concerning

Loans - Statements by Lender