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§ 2-102. Articles of incorporation, filing, recordation

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2020

West's Annotated Code of Maryland
Corporations and Associations
Title 2. Corporations in General--Formation, Organization, and Operation (Refs & Annos)
Subtitle 1. Formation and Powers
Effective: October 1, 2020
MD Code, Corporations and Associations, § 2-102
§ 2-102. Articles of incorporation, filing, recordation
Currentness
Requirements
(a) Except as provided elsewhere in this section, in order to form a corporation, one or more adult individuals acting as incorporators shall:
(1) Sign and acknowledge articles of incorporation; and
(2) File them for record with the Department.
Effect
(b)(1) A proposed corporation becomes a body corporate under the name and subject to the purposes, conditions, and provisions stated in the articles of incorporation, effective as of the later of:
(i) The time the Department accepts the articles for record; or
(ii) The time established under the articles, not later than 30 days after the Department accepts the articles for record.
(2) Except in a proceeding by the State for forfeiture of a corporation's charter, acceptance of the articles for record by the Department is conclusive evidence of the formation of the corporation.
(3)(i) The Department may not accept articles of incorporation from a fire or rescue organization to be located in Frederick County for the purpose of providing fire or rescue service in Frederick County unless the articles are accompanied by a written resolution of the governing body of Frederick County indicating approval of the proposed incorporation.
(ii) Incorporated municipalities in Frederick County with primary responsibility for governmental funding for fire service shall within their jurisdiction hold those powers assigned to the governing body of Frederick County in this paragraph.

Credits

Added by Acts 1975, c. 311, § 2; Acts 1981, c. 665. Amended by Acts 2014, c. 645, § 1, eff. Dec. 1, 2014; Acts 2020, c. 292, § 1, eff. Oct. 1, 2020; Acts 2020, c. 293, § 1, eff. Oct. 1, 2020.
Formerly Art. 23, §§ 4, 131.
MD Code, Corporations and Associations, § 2-102, MD CORP & ASSNS § 2-102
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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