§ 2-201. Issuance; stock and convertible securities
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 2-201
§ 2-201. Issuance; stock and convertible securities
(a) Subject to the provisions of this subtitle, a corporation from time to time may issue:
(b) The authorization of stock convertible into other stock or securities convertible into stock constitutes an authorization of the stock into which the stock or securities are convertible, without further specific authorization in the charter.
(c)(1) The board of directors of a corporation may, in its sole discretion:
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1999, c. 300, § 1, eff. June 1, 1999; Acts 2000, c. 642, § 1, eff. June 1, 2000.
Formerly Art. 23, §§ 18, 20.
MD Code, Corporations and Associations, § 2-201, MD CORP & ASSNS § 2-201
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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