148

LAWS OF MARYLAND

Ch. 33

similar provision of the Maryland General
Corporation Law in CA § 1-102(a).

The Maryland General Corporation Law appears in
Titles 1 through 3 of the Corporations and
Associations Article.

The term "financial institution" is defined in §
1-101 of this title.

1-202. ACKNOWLEDGMENTS AND VERIFICATIONS.

(A)   ACKNOWLEDGMENTS.

A REQUIREMENT IN THIS ARTICLE THAT A DOCUMENT BE
ACKNOWLEDGED MEANS THAT THE DOCUMENT SHALL BE ACKNOWLEDGED
BY AN INDIVIDUAL:

(1)   AS THE ACT OF THAT INDIVIDUAL; OR

(2)   IF THE DOCUMENT IS THAT OF A CORPORATE OR
OTHER ENTITY, AS THE ACT OF THAT ENTITY.

(B)       VERIFICATIONS.

A REQUIREMENT IN THIS ARTICLE THAT A DOCUMENT BE
VERIFIED MEANS THAT THE DOCUMENT SHALL BE VERIFIED BY A
DECLARATION MADE UNDER THE PENALTIES FOR PERJURY THAT THE
MATTERS AND FACTS CONTAINED IN THE DOCUMENT ARE TRUE TO THE
BEST OF THE KNOWLEDGE, INFORMATION, AND BELIEF OF THE
INDIVIDUAL MAKING THE DECLARATION.

(C)   ALTERNATIVE PROCEDURES.

THE ACKNOWLEDGMENT OR VERIFICATION SHALL BE MADE:

(1)   BEFORE AN INDIVIDUAL AUTHORIZED TO TAKE
ACKNOWLEDGMENTS OR ADMINISTER OATHS; OR

(2)   BY A SIGNED STATEMENT OF ACKNOWLEDGMENT OR
VERIFICATION THAT:

(I)   IS IN THE DOCUMENT OR ATTACHED TO AND
MADE PART OF THE DOCUMENT; AND

(II)   AS TO A VERIFICATION, STATES THAT THE
STATEMENT IS MADE UNDER THE PENALTIES FOR PERJURY.

(D)   EFFECT OF STATEMENT.

IF THE PROCEDURES PROVIDED IN SUBSECTION (C)(2) OF THIS
SECTION ARE USED:

(1) A STATEMENT OF ACKNOWLEDGMENT HAS THE SAME
LEGAL EFFECT AS AN ACKNOWLEDGMENT MADE BEFORE AN INDIVIDUAL
AUTHORIZED TO TAKE ACKNOWLEDGMENTS; AND