§ 2–118
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 2-118 (2026)
Title 2. Corporations in General -- Formation, Organization, and Operation
Subtitle 1. Formation and Powers
§ 2–118LinkCopy Citation
(a)
In this section, “emergency” means a situation in which it is impracticable to convene a meeting of stockholders in accordance with the Maryland General Corporation Law or the bylaws or as specified in a notice for the meeting previously given, because of some catastrophic event.
(b)
During an emergency, unless the bylaws contain emergency provisions providing otherwise, the board of directors may:
(1)
Postpone a meeting of stockholders for which notice has been given; or
(2)
Authorize stockholders to participate in a meeting by any means of remote communication authorized by § 2–503(c)(2) of this title.
(c)
The corporation shall give notice to stockholders of any action taken under this section, including any new date, time, or place of a meeting:
(1)
In any practicable manner given the circumstances; and
(2)
With shorter notice as is reasonable in the circumstances.
(d)
Any corporate act taken in good faith under this section during an emergency:
(1)
Binds the corporation; and
(2)
May not be used to impose liability on a director, an officer, an employee, or an agent of the corporation.