There is a newer version
of
this Section
2017 Maryland Code
Corporations and Associations
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 3 - Capital Accounts, Dividends, and Retirement of Shares
§ 2-313. Annual statement of affairs
Universal Citation: MD Corp & Assn Code § 2-313 (2017)
- (a) Preparation and contents of statement. -- The president or, if provided in the bylaws, some other executive officer of each corporation shall prepare annually a full and correct statement of the affairs of the corporation, to include a balance sheet and a financial statement of operations for the preceding fiscal year.
- (b) Disposition of statement. -- Except as provided in subsection (c) of this section, the statement of affairs shall be submitted at the annual meeting of stockholders and, within 20 days after the meeting, placed on file at the corporation's principal office or at any other office or agency specified in the bylaws of the corporation, in written form or in any other form that may be converted within a reasonable time into written form for visual inspection.
- (c) Disposition of statement in absence of stockholders' meeting. -- If a corporation is not required to hold an annual meeting of stockholders under a charter or bylaw provision adopted in accordance with ยง 2-501 of this title, the statement of affairs shall be placed on file at the corporation's principal office or at any other office or agency specified in the bylaws of the corporation, within 120 days after the end of the fiscal year, in written form or in any other form that may be converted within a reasonable time into written form for visual inspection.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
