Corporations and Associations - Revisions

Summary

It requires Maryland’s Department of Assessments and Taxation to notify filers when a charter document is rejected and to accept a corrected filing within 30 days, treating it as if filed on the original date. The law also permits board actions by written or electronic unanimous consent, expands consent rules for certain investment companies, and allows bankruptcy trustees or receivers to amend a corporation’s charter or dissolve it without stockholder approval.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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