Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-308
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-308
- Adult: means an individual at least 18 years old. See
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- 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.
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(b) A majority of the trustees of a religious corporation proposing to amend its plan or charter shall:
(1) Adopt a resolution which declares that the amendment is advisable; and
(2) Call a meeting of the adult members of the religious corporation to vote on the amendment.
(c) Ten days written notice of the time, place, and purpose of the meeting shall be given to each adult member of the religious corporation by:
(1) Delivering it to him in person;
(2) Leaving it at his residence or usual place of business; or
(3) Mailing it to him at his address as it appears in the record book.
(d) The proposed amendment shall be approved by the affirmative vote of a majority of the adult members present at the meeting.