(a) In this subtitle the following words have the meanings indicated.

(b) “Corporate act” means any act taken by or on behalf of a corporation by the board of directors, a committee of the board of directors, or the stockholders of the corporation.

(c) “Date of the defective corporate act” means:

(d) “Defective corporate act” means:

(e) “Failure of authorization” means the failure of a corporation to authorize, approve, or otherwise effect a corporate act in compliance with the Maryland General Corporation Law, its charter or bylaws, any action taken by its board of directors, a committee of its board of directors, or its stockholders, or any plan or agreement to which the corporation is a party, if and to the extent that the failure would render the corporate act void or voidable.

(f) “Overissue” means the purported issuance by a corporation of stock of:

(g) “Putative stock” means stock, including stock issued upon exercise of rights, options, warrants, or other securities convertible into or exercisable for stock:

(h) “Valid stock” means stock that has been duly authorized and validly issued in accordance with the provisions of this title.