Maryland Corporations and Associations Section 2-512

Article - Corporations and Associations

§ 2-512.

      (a)      Any stockholder, holder of a voting trust certificate in a corporation, or his agent may inspect and copy during usual business hours any of the following corporate documents:

            (1)      Bylaws;

            (2)      Minutes of the proceedings of the stockholders;

            (3)      Annual statements of affairs; and

            (4)      Voting trust agreements on file at the corporation's principal office.

      (b)      (1)      Any stockholder or holder of a voting trust certificate in a corporation other than an open-ended investment company may present to any officer or resident agent of the corporation a written request for a statement showing all stock and securities issued by the corporation during a specified period of not more than 12 months before the date of the request.

            (2)      Within 20 days after a request is made under this subsection, the corporation shall prepare and have available on file at its principal office a sworn statement of its president or treasurer or one of its vice-presidents or assistant treasurers which states:

                  (i)      The number of shares or amounts of each class of stock or other securities issued during the specified period;

                  (ii)      The consideration received per share or unit, which may be aggregated as to all issuances for the same consideration per share or unit; and

                  (iii)      The value of any consideration other than money as set in a resolution of the board of directors.



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