Home Table of Contents

§ 2-605. Change in name

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 2. Corporations in General--Formation, Organization, and Operation (Refs & Annos)
Subtitle 6. Amendment or Restatement of Charter
MD Code, Corporations and Associations, § 2-605
§ 2-605. Change in name
In general
(a) Notwithstanding the provisions of § 2-604 of this subtitle, unless prohibited in the charter by reference to this section or the subject matter of this section, a majority of the entire board of directors, without action by the stockholders, may amend the charter of a corporation to:
(1) Change the name of the corporation; or
(2) Change the name or other designation or the par value of any class or series of stock of the corporation and the aggregate par value of the stock of the corporation.
Limitations
(b) A change in the name or other designation of a class or series of stock under subsection (a)(2) of this section may not change the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms or conditions of redemption of the class or series of stock.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1994, c. 593, § 1, eff. Oct. 1, 1994; Acts 1995, c. 3, § 1, eff. March 7, 1995; Acts 1999, c. 395, § 1, eff. Oct. 1, 1999; Acts 2005, c. 586, § 1, eff. June 1, 2005.
Formerly Art. 23, § 11.
MD Code, Corporations and Associations, § 2-605, MD CORP & ASSNS § 2-605
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document