WILLIAM DONALD SCHAEFER, Governor                      H.B. 1003

(i) The principal office of a merging limited partnership, corporation,
limited liability company, or business trust is located; and

(ii) The] THE articles of merger show that a merging limited
partnership, corporation, limited liability company, or business trust other than the
successor owns an interest in land.

(3) On receipt of [the] A certificate of merger, [the] A clerk promptly
shall record it with[:

(i) The charter records or limited partnership records, if it relates to
the location of a principal office; and

(ii) The] THE land records[, if it relates to an interest in land].

SECTION 2. AND BE IT FURTHER ENACTED, That, on or before July 1,
1993, the Administrative Office of the Courts and the Department of Assessments and
Taxation shall agree on the proper disposition of corporate records currently in the
custody of the clerks of the circuit courts of this State. This agreement may provide for
the transfer of any records to the Department of Assessments and Taxation or the State
Archives or for the destruction or other disposition of duplicative records.

SECTION 3. AND BE IT FURTHER ENACTED, That the amendments to §
l-206(c) of the Corporations and Associations Article by this Act may not be construed to
affect the evidentiary value of any document from the records of a clerk of a circuit court
and are made solely to reflect and facilitate the transfer of records under Section 2 of this
Act.

SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of this Act
shall take effect June 1, 1993.

SECTION 5. AND BE IT FURTHER ENACTED, That, except as provided in
Section 4 of this Act, this Act shall take effect July 1, 1993.

May 27, 1993

The Honorable R. Clayton Mitchell, Jr.
Speaker of the House of Delegates
State House
Annapolis, Maryland 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 1003.

The Board of Trustees for the Maryland State Retirement and Pension Systems (Board of
Trustees) administers and operates the several State pension systems. The Board of
Trustees consists of 15 members, of whom six serve ex officio, five are appointed by the
Board of Public Works, and four are elected by the retirement system members they
represent. House Bill 1003 would change the process by which the two trustees

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