HARRY HUGHES, Governor

1149

Articles of revival for stock corporation...............$30

Articles of revival for nonstock corporation............$10

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

(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.

2-306.

[(c) (1) If stated capital is to be reduced without a
charter amendment, the corporation shall file articles of
reduction for record with the Department; and

(2) If stated capital is to be reduced with a
charter amendment, the corporation shall file articles of
amendment and reduction for record with the Department.]