Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 2 > Subtitle 3 – Capital Accounts, Dividends, and Retirement of Shares


§ 2-301	Distribution
§ 2-302	Capital account
§ 2-303	Determination of amount of stated capital and capital surplus
§ 2-304	Application of capital surplus
§ 2-305	Expenses of organization, reorganization, and financing
§ 2-306	Reduction of stated capital
§ 2-308	Surplus considered capital surplus
§ 2-309	Distributions; stock dividends and stock splits
§ 2-310	Acquisition of own stock – In general
§ 2-310.1	Redemption of own stock – Open-end investment companies
§ 2-310.2	Shares held in fiduciary capacity for benefit of other class of shares
§ 2-311	Restrictions on making distributions
§ 2-312	Liabilities of directors; contribution
§ 2-313	Annual statement of affairs

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.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
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.
de novo: means judicial review based on an administrative record and any additional evidence that would be authorized by § 10-222(f) and (g) of the State Government Article. See
Executive session: A portion of the Senate's daily session in which it considers executive business.
Fiduciary: A trustee, executor, or administrator.
legal holiday: means :

(1) January 1, for New Year's Day;

(2) (i) January 15, for Dr. See
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.