HARRY HUGHES, Governor

187

6-121(b) and 6-142(b) that relate to the
procedures for preferred stock amendments are
deleted as unnecessary in light of the Maryland
General Corporation Law.

The only other changes are in style.

The provisions of CA § 6—155, as they relate to
savings banks, now appear in § 4-210 of this
article.

As to subsection     (c) (1) of this section, note

that Art. 1, § 20     of the Code provides that

references to         "registered mail" include
"certified mail".

GENERAL REVISOR'S NOTE:

In revising this subtitle, the Commission to Revise the
Annotated Code deleted the first two sentences of Art. 11, §
58 and all of Art. 11, § 59. The first two sentences of
Art., 11, § 58 provide for granting letters testamentary or
letters of administration to a trust company if it is named
as executor in a will or if there is no other person
available to serve; these provisions are unnecessary in
light of § 3-207(7) of this subtitle and § 5-104 of the
Estates and Trusts Article to the same effect. Article 11,
§ 59 essentially provides that a trust company appointed as
a personal representative or guardian need not take an
"official oath"; this provision is obsolete since oaths no
longer are required of personal representatives or
guardians. The balance of Art. 11, § 58 is transferred to §
13—206 of the Estates and Trusts Article.

Present Art. 11, § 87 also is deleted as obsolete,
since bond is no longer required of a corporate personal
representative or guardian of an estate or of a corporate or
noncorporate guardian of the person.

Present Art. 11, § 88 is deleted as unnecessary since
the provisions of the Estates and Trusts Article that
delineate the liability of personal representatives,
guardians of the estate, and other fiduciaries do not
distinguish between corporate and noncorporate fiduciaries.

Also present Art. 11, § 38A, which serves as a cross
reference to the powers of a State bank under the
Corporations and Associations Article, is deleted as no
longer necessary given the inclusion in this article of all
applicable provisions.

SUBTITLE 3. CAPITAL STOCK; SURPLUS REQUIREMENTS;
STOCKHOLDERS.

3-301. CAPITAL STOCK IN GENERAL.

(A) ORIGINAL SUBSCRIPTION.