(a) Each corporation shall keep its books in a manner which shows:
(1) The amount and nature of the money or other consideration it receives for the stock which it issues, including:
(i) The number of shares of stock of each class issued for the consideration; and
(ii) The stated capital attributable to the issued shares of stock of each class; and
(2) The amount and nature of the money or other consideration it receives for the convertible securities which it issues.
(b) If stock with par value and stock without par value are issued together for a particular consideration, the amount by which the consideration exceeds the aggregate par value of the stock with par value constitutes the consideration received for the stock without par value.
Structure Maryland Statutes
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 3 - Capital Accounts, Dividends, and Retirement of Shares
Section 2-302 - Capital Account
Section 2-303 - Determination of Amount of Stated Capital and Capital Surplus
Section 2-304 - Application of Capital Surplus
Section 2-305 - Expenses of Organization, Reorganization, and Financing
Section 2-306 - Reduction of Stated Capital
Section 2-308 - Surplus Considered Capital Surplus
Section 2-309 - Distributions; Stock Dividends and Stock Splits
Section 2-310 - Acquisition of Own Stock -- in General
Section 2-310.1 - Redemption of Own Stock -- Open-End Investment Companies
Section 2-310.2 - Shares Held in Fiduciary Capacity for Benefit of Other Class of Shares
Section 2-311 - Restrictions on Making Distributions