# Corporations and Associations (GCA)

## Title 2. Corporations in General -- Formation, Organization, and Operation

### Subtitle 1. Formation and Powers

#### Section 2-111

(a) Each corporation shall maintain, or cause to be maintained on its behalf, correct and complete:

  (1) Books and records of its accounts and transactions; and

  (2) Minutes of the proceedings of its stockholders and board of directors and of any executive or other committee when exercising any of the powers of the board of directors.

(b)

  (1) The books and records of a corporation may be in written form or in any other form that complies with Sec. 2-114 of this subtitle.

  (2) Minutes shall be recorded in written form but may be maintained in the form of a reproduction or in any other form that complies with Sec. 2-114 of this subtitle.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)