Home Table of Contents

§ 3-309. Stock ledgers

West's Annotated Code of MarylandFinancial Institutions

West's Annotated Code of Maryland
Financial Institutions
Title 3. Banking Institutions--Commercial Banks
Subtitle 3. Capital Stock; Surplus Requirements; Stockholders (Refs & Annos)
MD Code, Financial Institutions, § 3-309
§ 3-309. Stock ledgers
Currentness
In general
(a)(1) Each commercial bank shall keep a stock ledger, which shall contain the name and address of each stockholder and the number of shares of stock that the stockholder holds.
(2) In any proceeding, the stock ledger is presumptive evidence of the facts stated in it.
Inspection of stock ledger
(b)(1) Any stockholder, director, or officer of a commercial bank may inspect the stock ledger during usual business hours.
(2) Failure to show the stock ledger to an individual on that individual's rightful demand subjects the officer responsible for the failure to a civil penalty of $50, payable to the Commissioner.

Credits

Added by Acts 1980, c. 33, § 2, eff. July 1, 1980. Amended by Acts 1996, c. 326, § 2, eff. July 1, 1996.
MD Code, Financial Institutions, § 3-309, MD FIN INST § 3-309
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