Ch. 5 2                                           LAWS OF MARYLAND

(2) §§ 3-202(C) AND 3-203(A)(l) AND (2) OF THIS TITLE
DO NOT APPLY.

3-709.

THIS SUBTITLE SHALL ONLY APPLY TO A MARYLAND CORPORATION.

SECTION 2. AND BE IT FURTHER ENACTED, That if any provision
of this Act or the application thereof to any person or
circumstance is held invalid for any reason in a court of
competent jurisdiction, the invalidity does not affect other
provisions or any other application of this Act which can be
given effect without the invalid provision or application, and
for this purpose the provisions of the Act are declared
severable.

SECTION 2. SECTION 3. AND BE IT FURTHER ENACTED, That this
Act is an emergency measure, is necessary for the immediate
preservation of the public health and safety, has been passed by
a yea and nay vote supported by three-fifths of all the members
elected to each of the two Houses of the General Assembly, and
shall take effect from the date it is enacted.

Approved April 11, 1989.

CHAPTER 52

(House Bill 180)

AN ACT concerning

Corporations and Associations - Special Voting Requirements

FOR the purpose of including the receipt by an interested
stockholder or certain affiliates of an interested
stockholder of certain financial or tax benefits from a
corporation among the transactions subject to special voting
requirements and certain other restrictions; making certain
associates of a person among persons whose transactions with
corporations may be subject to special voting requirements
and certain other restrictions; prohibiting, under certain
circumstances, certain corporate transactions with certain
persons for a certain period of time; modifying the amount
of consideration required to be paid to certain stockholders
under certain circumstances; providing that special voting
requirements for and certain restrictions on specified
corporate transactions do not apply until after a certain
period of time to certain transactions of a corporation

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