Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-309
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 5-309
- 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.
- Oath: A promise to tell the truth.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(a) If an amendment is adopted under § 5-308 of this subtitle, the religious corporation shall adopt articles of amendment which shall set forth the amendment and state that the amendment was advised by the trustees and approved by the members of the religious corporation.
(b) The articles of amendment shall:
(1) Be signed and acknowledged for the religious corporation by the trustees who declared the resolution advisable; and
(2) Have the matters and facts contained in the articles verified under oath by the chairman or secretary of the meeting of members.
(c) The trustees shall file the articles of amendment for record with the Department.