Corporation Law of Maryland

Front Cover
G.W. King Printing Company, 1908 - 350 pages
 

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Contents

Capital stock if located elsewhere in State
16
Rules restrictions and limitations of said banks viz
17
SECTION PAGE SECTION 18 Notice of annual election
18
Voting by stockholders
19
In what funds to
20
State tax on circulation
21
Defaulting bank to pay interest to note holders and de positors
24
Sections 1932 may be availed of by existing banks
25
Bank failing to comply shall forfeit charter appointment of receivers
26
Associations affected by these provisions shall be subject only to authorized visitorial powers
27
To what banks these provisions shall not apply
28
Order bills of lading negotiable instruments
29
How construed
30
Penalty for refusal to issue Order bills of lading
31
Storage receipts also to be negotiable
32
Duplicates delivery of goods penalties
33
Civil remedies upon
34
to 20 Lien of distillery warehouses 3537
35
ARTICLE
38
SECTION PAGE
40
Certificate to be acknowledged certified and recorded
46
Corporation may be formed under general laws When
48
Copy of bylaws when evidence
52
Counties shall not lend credit to corporations unless author
54
Cumulative voting
55
Procedure
56
Increase of stock
57
CONSOLIDATION AND SALE
58
What corporations may be consolidated agreement of con solidation
59
Sale lease or exchange of property as an entirety dissent ing stockholders
61
Certificates
62
Payment of stock
63
Stock issued for service of property
64
Transfer of
65
40 41 41A 41B Liiability of stockholders 6669
66
PUBLIC GENERAL LAWS 1904
67
Lost certificates
70
Penalty for failure to transfer
71
Effective execution or attachment
72
Inspection of books
73
Voluntary dissolution
74
Procedure
75
Involuntary dissolution
76
Dissolution otherwise than by judicial proceedings
77
FORFEITURE OF CHARTER 57 By the Attorney General States Attorney and the consent of the Governor
78
Procedure
79
What name sufficient
80
FOREIGN CORPORATIONS 65 Definition
81
Qualification
83
Penalty
84
Penalty
85
In case of neglect to make deposit Attorney General to insti
92
Also furnish a full statement of their real estate how yalue
97
SECTION PAGE 111 Wages payment of by certain
98
Loans upon chattels to be made under corporate name only legal interest only to be charged proviso
99
Consent of County Commissioners to be first had
100
Revision of tolls report to County Commissioners
101
Authority to charge tolls from County Commissioners or Governor
102
BUILDING OR HOMESTEAD ASSOCIATIONS 122 Special powers of
103
Unpaid instalments secured by mortgage
104
Members competent witnesses
105
Transfer to such corporations
106
Loans to be made in money
107
Corporations heretofore chartered but not organized conclu
108
Lots held only for burial
109
GAS AND ELECTRIC LIGHT COMPANIES 142 Powers of gas light companies
110
Of electric light companies
111
What branches of insurance business company may engage
112
Insurance of wifes and minors property
118
Actuary shall report violations of law
130
Payment of commissions to unlicensed agents or solici
136
License of authority must be obtained by certain surety or guaranty companies
137
Penalty for noncompliance with requirements
138
Penalty for acting without license insurance company de fined
139
Mutual cooperative assessment or stock plan insurance companies
141
Such organizations may make contract of insurance upon adults and infants
142
Assumption of misleading corporate name
143
Vote of stockholders 2 Who eligible as directors or president 3 Annual statement to stockholders
144
Proceedings to vacate charter
146
i89 Publication of abstract of annual statement
147
Property held by foreign companies
148
Companies may insure against Joss by burglary of money and securities in course of transportation
149
Not to do business without compliance with this article
150
198A B c Participation of life insurance policies
151
What certificate must contain
170
May construct road
171
Increase of capital stock
172
Railroad companies may purchase or condemn property con demnation proceedings
173
Jury of inquisition
175
Rightofway of unfinished railroad unused for ten years to be held to be abandoned
176
Occupation of roads streets or alleys manner and terms of how arranged
177
To what roads Sections 251 254 and 255 shall apply
178
Crossings of highways roads and streams
179
SECTION PAGE 262 Warning signs at crossings
180
In what cases railroads may consolidate parallel and com peting railroads may not consolidate without special act
181
265A Right of railroad company to lease its road and franchises
182
Stoppages at stations penalty
184
When railroads may sell freight
185
Sale of unclaimed baggage
186
Damages for refusal
187
Elevated roads not to be built without special act
188
Powers of reorganized company
189
May issue bonds and execute mortgages
190
May purchase connecting road
191
Flagmen or electric bells at public crossings
192
May cross other railroads when and how
193
How to be sued for
194
Judgments by default in such cases
195
Public highways across railroad tracks
196
Railroads may not withhold wages of their employes for benefit of relief associations of the members thereof pen alty
197
Stop of at least three minutes at principal stations
198
300EI Mileage books
200
Taxation of 85
201
RELIGIOUS CORPORATIONS 301 Trustees of to be body politic
203
Succession to be kept up how
204
Plan of church organization tobe determined at first meet ing
205
To be recorded by clerk of Circuit or Superior Court
206
Conveyance to church by trustees
207
Powers of such corporations
208
Trusts gifts etc how conveyed to such corporations
209
SAVINGS INSTITUTIONS 318 Power to receive and invest deposits
210
Inspection of State Treasurer
211
Ascertainment of such damages
212
Return and confirmation of inquisition
213
Transmission of despatches penalty
214
Injury to property punishment
215
Corporation acting as trustee or other fiduciary may
222
To what societies orders or associations these provisions
225
Inquisition
228
WATER COMPANIES SECTION PAGE 358 May acquire and hold property not to apply to Baltimore city
230
CONDEMNATION OF PROPERTY BY CORPORATIONS 360 Proceedings for condemnation
231
Oath to jurors
232
Compensation to be first paid or tendered
233
Police for railroad and other corporations
234
Shall wear metallic shield police
235
Board of Police Commissioners may appoint officers for cor poration in Baltimore city
236
ARTICLE XXIV
237
Conversion of bill of lading
238
Forging statement by corporation
239
Employment of children by manufacturing companies
241
229230 Penalty
242
Heating passenger cars
243
Colored passengers
244
Colored passengers
245
Exemption from law
246
352AF Colored passengers
247
Penalty
248
Colored passengers
249
ARTICLE LVI
252
Service of process upon
253
Agent acting without license
254
ARTICLE LXXXI
255
Provisions as to savings banks
260
No exemption under provisions of Section 89 as to say ings banks
261
ASSESSMENT OF CORPORATE STOCK OWNED BY NONRESIDENTS
267
Abatement of plant of manufacturing establishments
279
COUNTY TAXATION OF RAILROAD PROPERTY
293
Foreign Executor and Administrator
298
APPENDIX
305
Agreement of consolidation
311
Board of Public Works may arbitrate between corporations
316
Corporate acknowledgments
317
Annual certificate to be filed with Secretary of State by for
323
Pay of directors 11 General meetings of stockholders
328
When corporation may be proceeded against as nonresident 39
342
Cashier or treasurer 13 Real estate
344
stock to be personal estate
347
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Page 94 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 117 - No life insurance company doing business in this state shall make or permit any distinction or discrimination in favor of individuals between insurants (the insured) of the same class and equal expectation of life in the amount or payment of premiums...
Page 2 - The Legislature shall pass general laws providing for the cases enumerated in this section, and for all other cases which in its judgment may be provided for by general laws.
Page 83 - ... before any officer authorized by the laws of this state to take acknowledgments of deeds to be the respective...
Page 4 - The General Assembly shall not remit the forfeiture of the charter of any corporation now existing, or alter or amend the same, or pass any other general or special law for the benefit of such corporation, except upon the condition that such corporation shall thereafter hold its charter subject to the provisions of this Constitution.
Page 15 - And, also, to make, have, and use, a common seal, and the same to break, alter, and renew, at...
Page 315 - He shall disburse the funds of the Corporation as may be ordered by the Board, taking proper vouchers for such disbursements, and shall render to the President and Directors, at the regular meetings of the Board, or whenever they may require it, an account of all his transactions as treasurer and of the financial condition of the Corporation.
Page 117 - ... nor shall any such company or agent thereof make any contract of insurance or agreement as to such contract other than as plainly expressed in the policy issued thereon...
Page 55 - ... the corporation shall not for that reason be dissolved, but it shall be lawful on any other day to hold an election for...
Page 3 - Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where, in the judgment of the Legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section, may be altered from time to time or repealed.

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