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§ 2-111. Records of accounts and minutes

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2019

West's Annotated Code of Maryland
Corporations and Associations
Title 2. Corporations in General--Formation, Organization, and Operation (Refs & Annos)
Subtitle 1. Formation and Powers
Effective: October 1, 2019
MD Code, Corporations and Associations, § 2-111
§ 2-111. Records of accounts and minutes
Currentness
Records to be maintained
(a) Each corporation shall maintain, or cause to be maintained on its behalf, correct and complete:
(1) Books and records of its accounts and transactions; and
(2) Minutes of the proceedings of its stockholders and board of directors and of any executive or other committee when exercising any of the powers of the board of directors.
Form of records
(b)(1) The books and records of a corporation may be in written form or in any other form that complies with § 2-114 of this subtitle.
(2) Minutes shall be recorded in written form but may be maintained in the form of a reproduction or in any other form that complies with § 2-114 of this subtitle.

Credits

Added by Acts 1975, c. 311, § 2. Amended by Acts 2019, c. 288, § 1, eff. Oct. 1, 2019.
Formerly Art. 23, § 49.
MD Code, Corporations and Associations, § 2-111, MD CORP & ASSNS § 2-111
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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