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PARRIS N. GLENDENING, Governor
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Ch. 61
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(1) May provide for classes, groups, or series of trustees or beneficial
owners, or classes, groups, or series of beneficial interests, having such relative
rights, powers, and duties as the governing instrument may provide, and may make
provision for the future creation in the manner provided in the governing instrument
of additional classes, [groups] GROUPS, or series of trustees, beneficial owners, or
beneficial interests, having the relative rights, powers, and duties as may from time
to time be established, including rights, powers, and duties senior or subordinate to
existing classes, groups, or series of trustees, beneficial owners, or beneficial
interests;
DRAFTER'S NOTE:
Error: Omitted comma in § 12-207(b)(1) of the Corporations and
Associations Article.
Occurred: Ch. 452, Acts of 1999.
12-403.
(b) Unless otherwise provided by the governing instrument of a business
trust, a trustee shall be indemnified to the same extent as a director of a corporation
under [§ 2-419] § 2-418 of this article.
DRAFTER'S NOTE:
Error: Erroneous cross-reference in § 12-403(b) of the Corporations and
Associations Article.
Occurred: Ch. 452, Acts of 1999.
12-803.
(a) If the Department is satisfied that a business trust named in a
proclamation issued under [§ 12-802(d)] § 12-801(D) of this subtitle has not failed to
pay the taxes, unemployment insurance contributions, or reimbursement payments,
or to file the report within the period specified in § 12-801 of this subtitle, or that the
business trust has been mistakenly reported to the Department by the State
Comptroller or the Secretary of Labor, Licensing, and Regulation, the Department
may file in its records a proclamation correcting the mistake.
DRAFTER'S NOTE:
Error: Erroneous cross-reference in § 12-803(a) of the Corporations and
Associations Article.
Occurred: Ch. 452, Acts of 1999. Correction by the publisher of the
Annotated Code in the 1999 Replacement Volume of the Corporations and
Associations Article is ratified by this Act.
Article - Correctional Services
4-301.
(a) (2) The Commissioner may refer an inmate to the Institution:
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