2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 2-302 - Capital account
(a) Each corporation shall keep its books in a manner which shows:
(1) The amount and nature of the money or other consideration it receives for the stock which it issues, including:
(i) The number of shares of stock of each class issued for the consideration; and
(ii) The stated capital attributable to the issued shares of stock of each class; and
(2) The amount and nature of the money or other consideration it receives for the convertible securities which it issues.
(b) If stock with par value and stock without par value are issued together for a particular consideration, the amount by which the consideration exceeds the aggregate par value of the stock with par value constitutes the consideration received for the stock without par value.
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