§ 2–607
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 2-607 (2026)
Title 2. Corporations in General -- Formation, Organization, and Operation
Subtitle 6. Amendment or Restatement of Charter
§ 2–607LinkCopy Citation
(a)
Articles of amendment shall set forth the amendment and state:
(1)
That the amendment was advised by the board of directors and approved by the stockholders; or
(2)
That the amendment was approved by a majority of the entire board of directors and that:
(i)
No stock entitled to be voted on the matter was outstanding or subscribed for at the time of approval; or
(ii)
The amendment is limited to a change expressly authorized by § 2–105(a)(13) of this title or § 2–604(b) or § 2–605 of this subtitle to be made without action by the stockholders.
(b)
If the amendment increases the authorized stock of the corporation, the articles of amendment also shall include:
(1)
Both as of immediately before the amendment and as amended:
(i)
The total number of shares of stock of all classes which the corporation has authority to issue;
(ii)
The number of shares of stock of each class;
(iii)
The par value of the shares of stock of each class or a statement that the shares are without par value; and
(iv)
If there are any shares of stock with par value, the aggregate par value of all the shares of all classes; and
(2)
If the shares are divided into classes:
(i)
A description, as amended, of each class, including the preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption; or
(ii)
A statement that the information required by item (i) of this item was not changed by the amendment.