§ 2-211. Components of stock certificate
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 2-211
§ 2-211. Components of stock certificate
(a) Each stock certificate shall include on its face:
(b) If the corporation has authority to issue stock of more than one class, the stock certificate shall contain on its face or back a full statement or summary of:
(c) Instead of a full statement or summary of the information required by subsection (b) of this section, the certificate may state that the corporation will furnish a full statement of the required information to any stockholder on request and without charge.
(d) Without affecting § 8-204 of the Commercial Law Article, if the corporation which issues the stock imposes a restriction on its transferability, the stock certificate shall:
(e) Except as otherwise provided by § 8-204 of the Commercial Law Article, the fact that a stock certificate does not contain or refer to a restriction on transferability that is adopted after the date of issuance of the stock certificate does not mean that the restriction is invalid or unenforceable.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1999, c. 459, § 1, eff. Oct. 1, 1999.
Formerly Art. 23, § 27.
MD Code, Corporations and Associations, § 2-211, MD CORP & ASSNS § 2-211
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |