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§ 2-612. Abandoned amendment, notice and effect

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, § 2-612
§ 2-612. Abandoned amendment, notice and effect
In general
(a) A proposed amendment to the charter of a corporation may be abandoned before the effective date of the articles by majority vote of the entire board of directors of the corporation.
Notice
(b) If the articles have been filed with the Department, notice of abandonment shall be given promptly to the Department.
Effect
(c) If the proposed amendment to the charter is abandoned as provided in this section, the articles and the amendment have no effect.

Credits

Added by Acts 1976, c. 567, § 4.
MD Code, Corporations and Associations, § 2-612, MD CORP & ASSNS § 2-612
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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