Imágenes de páginas
PDF
EPUB

here are valued by the State Tax Commissioner and assessed to the owners thereof in the county or city in which they reside, as the shares of Maryland corporations would be. Shares owned by non-residents are assessed to them in the "assessment district in which the bank * * * may have its principal place of business in this State."

APPENDIX I.

UNIFORM STOCK TRANSFER ACT.

LAWS OF MARYLAND 1910.

CHAPTER 73.

AN ACT to add certain sections to Article 23 of the Code of Public General Laws, title "Corporations," sub-title "Capital Stock," as amended by Chapter 240 of the Acts of the General Assembly of Maryland of 1908, said sections to follow immediately after Section 37 of said Chapter 240, and to be designated as Sections 37A to 37x, both inclusive, providing for the transfer of shares of stock in corporations.

SECTION 1. Be it enacted by the General Assembly of Maryland, That certain new sections be and the same are hereby added to Article 23 of the Code of Public General Laws, title "Corporations," sub-title "Capital Stock," said new sections to follow immediately after Section 37 of the Acts of 1908, Chapter 240, and to be designated as Sections 37A to 37x, both inclusive, and to read as follows:

SEC. 37A. That title to a certificate and to the shares represented thereby can be transferred only

(a) By delivery of the certificate, endorsed either in blank or to a specified person, by the person appearing by the certificate to be the owner of the shares represented thereby; or

(b) By delivery of the certificate and a separate document containing a written assignment of the certificate or a power of attorney to sell, assign or transfer the same or the shares represented thereby, signed by the person appearing by the certificate to be the owner of the shares represented thereby. Such assignment or power of attorney may be either in blank or to a specified person. The provisions of this section shall be applicable, although the charter or articles of incorporation, or code of regulations, or bylaws of the corporation issuing the certificate and the certificate itself, provide that the shares represented thereby shall be transferable only on the books of the corporation, or shall be registered by a registrar, or transferred by a transfer agent.

« AnteriorContinuar »