Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 2-504.1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) Subject to § 2-504(d) of this subtitle, any notice given by a corporation to a stockholder under this article or the charter or bylaws of the corporation is effective if given by a single notice, in writing or by electronic transmission, to all stockholders who share an address unless the corporation has received a request from a stockholder in writing or by electronic transmission that a single notice not be given.

(b) This section does not limit the manner in which a corporation otherwise may give notice to stockholders.