Maryland Corporation Law

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G.W. King Printing Company, 1916 - 693 páginas

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Bond not required when acting as fiduciaryTrusts preferred claims upon dissolution
31
SAVINGS INSTITUTIONS
32
Amendment of charterChanges in capital stock
33
Inspector of stock bookVoting by proxy permitted 55 Power to hold real estate
35
Penalties for false statements or entries and for accepting de 59 Consolidation
36
Report of unclaimed deposits
38
Limitations upon loans
39
Surplus and dividends
40
Shares of stock deemed personal property and transfer regu lated
41
Trust deposits and withdrawal
42
Stock votingOath if demanded Pledged stock
43
Penalty for maliciously circulating false reports concerning solvency
44
SECTION PAGE
46
MISCELLANEOUS
52
SECTION PAGE
54
Amendments by incorporators permitted
58
SECTION PAGE 8A Resident agent required of domestic corporation
61
Powers of Directorselection of executive committee
62
Provisions in bylaws
63
How annual meeting warned
64
Meetings called upon requestnoticeremoval of officers
65
Meetings to be held in Statequorumspecial provisions for 18 Corporatiou voting own shares and stock in another corpora tion
66
Voting by fiduciaries
67
How amendment madewhen effectiveevidence
68
Increase of capital stock
69
Decrease of capital stock
70
Consolidation of corporationsprocedureconditionscertifi cate
71
The consolidation operative when
74
How dissenting stockholder may proceed 32 Disposal of entire assets of corporationrights of dissenting stockholder
76
Stock certificates and contents
78
Appointment of attorney and compensation 41
79
Penalty for issuing stock in violation of Section 35
83
Provisions not construed to enlarge powers of infant or fidu ciary
84
When endorsement effectual although induced to make through fraud
85
When transfer valid although prior transfer set aside
86
Holder for security does not warrant genuineness
87
Alterations in certificate
88
Definitions 8 9
89
Callsnotice SO 62 How calls collected or enforcedmethod of salenotice
90
Liability of stockholderfiduciary as stockholder
91
Exclusive remedy of creditors to enforce stockholders liability by bill in equity
93
LOST CERTIFICATES 67 Lost or destroyed certificates
94
67A Lost rertificates of fiduciaries or agents
95
Procedure in attaching or executing on shares of stock
98
Perialty for refusal to transfer new certificate issued under preceding section
99
Right of stockholders to have statement of affairs of corpora tion 100
100
Corporation shall keep full and fair accountsannual state ment
101
DISSOLUTION
102
How proceedings conducted
103
Suit by stockholder or creditor to dissolve corporation deter mined by legal proceedings to be insolvent
104
Dissolution otherwise than by judicial proceedingspowers of directors
105
Legal consequences of dissolution
106
Proceeding to forfeit charter
107
If corporation fails to answer ex parte proceeding 10S 85 Suspension of judgment and order to remedy grievance
108
Name of corporation in court proceeding
109
Defined
115
99B Charter not in form is not to be received by State Tax Com
121
SECTION PAGE 108 Subjects of inquiry in examination
125
Remedy of defects found as esult of examination
126
Penalty for failure to deposit bonds
128
Limit of deposits or loans of corporation
129
Liability of stockholders of safe deposit trust and loan com panies saving clause
130
DEPOSIT WITH STATE TREASURER BY CERTAIN CLASSES OF CORPORATIONS 118 Deposits by life and accident insurance companies with ...
132
Calling in stock of life or accident insurance safe deposit trust or fidelity companies
133
Future charters must be used within two years from grant otherwise pay franchise tax
134
Consent of County Coinmisioners to be first had
136
Report upon completion of county bridge to County Comunis sioners
137
Repealed by Act of 1916 Chapter 272
138
May hold one hundred acres not in city without its authority
143
154B Formation of such associations
149
SECTION PAGE
155
154M Bylaws of mutual fire insurance companies
156
154x Foreign mutual fire insurance companies doing business here
162
Life insurance companies may not discriminate in favor
171
Penalty for violation of above sections
177
SECTION PAGE
182
Conditions under which Lloyds may transact business
197
Commissioner may revoke license of solicitor or agent for cer
203
93 Mutual cooperative assessment or stock plan insurance com
210
SECTION PAGE 215 Abstract of annual statement to be published by insurance companies doing business in the countiesproviso
215
Time for furnishing and publishing such statements 2155
216
tribution postponed more than five yearswaiver prohibited penalty
222
Policies on underaverage risks not covered by above section
223
Insurance Commissioner authorized to grant licenses to brokers 219 Licenses to natural persons copartnerships or corporations Amount of State wide...
224
Who is a brokers solicitor ? His license
225
Penalty
226
List of insurance brokers to be furnished to Commissioner by Sheriff
227
Powers in investigationsto subpæpa witnessesfalse swear ing before Fire Marshal perjury
228
Expenses of officehow paidreport to Comptroller
230
Upon request make a written report of examination of fire to city or county fire authorities
231
Lodge system defined
232
Benefitsassociations with reserve may exercise enlarged pow ers
233
Beneficiaries
234
Fundsdeferred payments considered fixed liabilities
235
Investments
236
Powers retainedreincorporationamendments
239
Mergers and transfers
240
Admission of foreign associations
241
244A Power of attorney and service of process
242
244B Place of meetinglocation of office
243
244E Benefits not attachable
244
Exemption of certain societies
250
How to pass through gap at Wills mountain
256
Powers
262
SECTION PAGE 270 May borrow money and issue bonds
266
Principal office
267
Subscription bookselection of board of directors
268
When railroad may lease to anotherapproval by stockholders 1
270
Railroads when owning twothirds of stock may consolidate with other railroads
272
To what roads above sections apply
274
Stoppages at stationspenalty
275
Sale of live stock
276
Three preceding sections applicable to all common carriers operating in State
277
Summary remedy for neglect of corporate dutyappeal
278
Article applicable only to surface roadselevated roads only under a special charterthis section not applicable to rail roads of mining companies
279
onditions of reorganization forfeiture of charter
281
Issuance of bonds and execution of mortgages
282
Consolidation 202
283
Flagmen or electric bells at public crossings
284
May cross other railroadswhen and how
285
Injuries to live stock and by fire
286
May own steamships
287
Railroads may not withhold wages of employees for benefit re lief association or the members thereofpenalty
288
Coupons must be attached to railroad tickets
289
Stop at Calvert Station in Baltimore City
290
SECTION PAGE 323 Eighthour day for block system menpenalty
291
Onehalf of fine to informerwhen above provisions apply
292
Changes how made and recorded
301
Conveyance to church by trustees
302
Vacancieshow filled
303
Churches organized since 1800method of making valid defec tive organizationbenefit of one year after passage of Act
304
SAFE DEPOSIT COMPANIES 356 Written authority for access to vaults
306
TELEGRAPH AND TELEPHONE COMPANIES 357 How to be formed
307
Inquisition of damages
308
May extend lines into other States may sell lease or consoli date
309
Transmission of despatchespenalty
310
Disclosure of contents of despatches
311
Charges for use of telephone between cities in this State
312
Discrimination prohibited
313
Time of filing and time received at delivery office on telegram
315
Messengers not permitted to go to certain places
316
Requisite capital and assetscertificate to be filed with State Tax Commissionerannual statement
317
State Tax Commissioner to issue certificate of qualification
318
How to be formedroads how constructed
319
Examination of turnpike or plauk road by County Commis sionêrstollsrates of fare
320
Rates of toll for traction engines to be fised by companies
321
Consent of municipal authorities required
322
Inquisition
324
Forfeiture
325
No toll on vehicle with rubber tires propelled by human muscles
326
CONDEMNATION OF PROPERTY BY CORPORATIONS 399 Proceedings for condemnation
327
SECTION PAGE 402 Inquisition return and confirmation
328
Compenastion to be first paid or tendered
329
Police for railroad and other corporationssuch policemen must be citizens of Maryland
330
Oath of policemanauthority and powers
331
Foreign corporations liable to suit in this State when transact ing business herein
332
Meaning of terms declared to include certain companies or businesses
336
413B Term common carrier to include bridges etc
337
414a Salaries of members of the several public boards determined
342
Baltimore City relieved from duty of paying salaries of Public Boards
343
Principal office meetings
345
Payment of salariesappropriations
346
Counseldutiesdesignated to represent public or complain antsprefe ence of certain proceedings
347
Acts forbidden to commissioners and employeesremovalin compatible duties
349
Records publicreportsfacts may be withheld ninety days fees for copies
350
Subpoenas for witnessesfeeswitness refusing to attend or answercommitment to jail
351
Rules for hearingsnot bound by technical rules of evidence incriminationimmunity
352
Rehearingservice of orderscourt proceedings to vacate or ders
353
Applicability to carriers
354
Switch and sidetrack connections
356
Tariff schedules
357
Unjust discrimination prohibited
359
Steamboat transportation for advertisements
361
Interchange of passengers and freightpreferences and dis crimination between carriers prohibited
362
Long and short haulspower of Commissiondistribution of cars
363
Penalties
377
General supervision over gas and electric corporationsquality
383
Issuance of stock for certain purposes 3 90
392
Procedure in the courts to vacate orders of Commission
399
Juryhow selected
400
SECTION PAGE
403
Iuconsistent Acts repealed
409
Corporations not to act as attorneys at law
415
SECTION PAGE FRAUDCORPORATE MISREPRESENTATION 148 Issuance of false statement of financial condition of corpora tions
417
Definition of the words suffer or permit
418
Fine for violation of the Act
419
Penalty for violation of Act
420
Conductors authorized to assign white and colored to respective cars and empowered to enforce the separation of white and colored
421
To what persons Act does not apply
422
15 Penalty for failure of captain or other orlicer to enforce law
423
Provisions applicable to certain suburban electric lines
424
Penalty for violation by conductor or manager
425
SECTION PAGE 414 Riding on train without authoritypenalty
426
Every part of Act independent
427
Shooting or throwing at train
428
TEEGRAPHS AND TELEPHONES 359 Unlawful to divulge contents of messages
429
ARTICLE XXXIIIA EMINENT DOMAIN REGULATING THE PROCEDURE FOR THE ACQUISITION OF PROPERTY FOR PUBLIC USE BY CO...
430
Summonspublication
431
General powers and duties of Commission in respect to carriers
432
Rules of law applicable
433
View of premises by jury
434
Right to intervene
435
Appeal
436
Hearing of appealcounsel fee 137
437
Costs in lower court and on appeal 137
438
Partial invalidity of Actnot applicable to pending proceeilings
439
ARTICLE XXXV
440
ARTICLE XXXVII
441
What property exempt
452
SECTION PAGE 19A Appeal from assessment by a municipal corporation other than Baltimore City
459
When appeal sustained 400
461
Taxation of savings banks
462
No exemption under Section 91 as to savings banks 403
463
Penalty
464
Proceedings 4614
465
Warrant from Governor to charge tolls when to be given 135
466
When paidamount of taxexceptions 406
467
Reco ding receipts for payment of bonus tax 408
468
Stock of public and private corporations excluded from county and city assessment so far as relates to State tax
469
Appointmenttenure_salaryduties
470
Clerks and salaries
471
153A Banks to report amount of capital stock surplus and undivided profits
472
Penalty for failure to pay tax
473
May be required under oath
476
Exemption of manufacturing plants from local taxation
483
Definition of gross receipts
489
Oath by mortgagee in counties where mortgage tax imposed 698
498
County Commissioners and Appeal Tax Court to correct as sessment 474
503
County Commissioners to value personal property and revise
504
SECTION PAGE
507
SECTION PAGE
510
Powers and duties of Commission
514
Office of State Tax Commissioner abolishedpowers and duties
521
ARTICLE CI
526
Transcribed copy of evidence and proceedings certified by
532
If payments to fund be not made collection to be made by suit
538
the justice of the matter
542
By agreement between employer and employees Act may apply
549
In addition to the compensation provided in the schedules
556
Commission shall determine whether compensation to be paid
562
e al purpose of the Act
567
tions not organized by January 1914 repealed
613
Special powers of 138
615
ARTICLE XVI
616
CHANCERY
617
Oath to jurors 328
623
See appendix
636
Rates of transportation
637
Mistaken statement of age of insuredreal age to be the basis
641
JURISDICTION
649
Attempts to obstruct to be felonypenalty 425
665
railroads and street railways 364
670
Agreement to waive the benefit of this Act is voidagreement
684

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Página 87 - That a creditor whose debtor is the owner of an order bill shall be entitled to such aid from courts of appropriate jurisdiction by injunction and otherwise in attaching such bill or in satisfying the claim by means thereof as is allowed at law or in equity in regard to property which cannot readily be attached or levied upon by ordinary legal process.
Página 363 - That it shall be unlawful for any common carrier subject to the provisions of this Act to charge or receive any greater compensation in the aggregate for the transportation of passengers or of like kind of property, under substantially similar circumstances and conditions, for a shorter than for a longer distance over the same line, in the same direction, the shorter being included within the longer distance...
Página 171 - ... dividends or other benefits to accrue thereon, or any paid employment or contract for services of any kind or any valuable consideration or inducement whatever not specified in the policy contract of insurance...
Página 383 - ... special rate, rebate, drawback, or other device, charge, demand, collect or receive from any person, or persons, a greater or less compensation for any service rendered, or to be rendered in the transportation of...
Página 83 - 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.
Página 389 - A common carrier, railroad corporation or street railroad corporation organized or existing, or hereafter incorporated, under or by virtue of the laws of the state of Missouri, may issue stocks, bonds, notes or other evidences of indebtedness payable at periods of more than twelve months after the date thereof...
Página 336 - electrical corporation," when used in this act, includes every corporation, company, association, joint stock company or association, partnership and person, their lessees, trustees or receivers appointed by any court whatsoever (other...
Página 567 - In any proceeding for the enforcement of a claim for compensation under this chapter, it shall be presumed in the absence of substantial evidence to the contrary 1. That the claim comes within the provisions of this chapter ; 2.
Página 535 - ... than five hundred nor more than five thousand dollars, or by imprisonment, with or without hard labor, not less than six months nor more than six years, or by both such fine and imprisonment.
Página 383 - That if any common carrier subject to the provisions of this act shall, directly or indirectly, by any special rate, rebate, drawback, or other device, charge, demand, collect or receive from any person or persons a greater or less compensation...

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