(a) A proposed amendment to the charter of a corporation may be abandoned before the effective date of the articles by majority vote of the entire board of directors of the corporation.
(b) If the articles have been filed with the Department, notice of abandonment shall be given promptly to the Department.
(c) If the proposed amendment to the charter is abandoned as provided in this section, the articles and the amendment have no effect.
Structure Maryland Statutes
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 6 - Amendment or Restatement of Charter
Section 2-601 - General Rule; Exception
Section 2-602 - Power to Amend Charter
Section 2-603 - Charter Amendment -- No Stock Outstanding or Subscribed For
Section 2-604 - Charter Amendment -- Stock Outstanding or Subscribed For
Section 2-605 - Charter Amendment -- Minor Changes in Name or Designation of Stock Classes or Series
Section 2-606 - Charter Amendment -- Multiple Amendments
Section 2-607 - Contents of Articles of Amendment
Section 2-608 - Restatement of Charter
Section 2-609 - Amendment and Restatement of Charter
Section 2-610 - Execution and Filing of Articles
Section 2-610.1 - Time Articles Effective