Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-706
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 3-706
- 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
(a) If a special meeting of stockholders is requested, notice of the special meeting shall be given as promptly as reasonably practicable by the corporation to all stockholders of record as of the record date set for the meeting, whether or not the stockholder is entitled to vote at the meeting.
(b) Notice of the special or annual meeting of stockholders at which the voting rights are to be considered shall include or be accompanied by the following:
(1) A copy of the acquiring person statement delivered to the corporation under § 3-703 of this subtitle; and
(2) A statement by the board of directors of the corporation setting forth the position or recommendation of the board, or stating that the board is taking no position or making no recommendation, with respect to the issue of voting rights to be accorded the control shares.