Maryland Statutes
Title 2 - Corporations in General -- Formation, Organization, and Operation
Subtitle 3 - Capital Accounts, Dividends, and Retirement of Shares

Section 2-301 - Distribution - (a) (1) In this subtitle, “distribution” means: (i) A direct...

Section 2-302 - Capital Account - (a) Each corporation shall keep its books in a manner...

Section 2-303 - Determination of Amount of Stated Capital and Capital Surplus - (a) (1) The entire consideration received by a corporation for...

Section 2-304 - Application of Capital Surplus - (a) By resolution of its board of directors, a corporation...

Section 2-305 - Expenses of Organization, Reorganization, and Financing - The corporation may pay or allow out of the consideration...

Section 2-306 - Reduction of Stated Capital - (a) Unless the charter provides otherwise, if stated capital is...

Section 2-308 - Surplus Considered Capital Surplus - (a) Subject to the limitations of subsection (b) of this...

Section 2-309 - Distributions; Stock Dividends and Stock Splits - (a) In this section, “reverse stock split” means a combination...

Section 2-310 - Acquisition of Own Stock -- in General - (a) (1) Subject to the provisions of its charter and...

Section 2-310.1 - Redemption of Own Stock -- Open-End Investment Companies - (a) This section applies only to a corporation registered as...

Section 2-310.2 - Shares Held in Fiduciary Capacity for Benefit of Other Class of Shares - (a) In this section, “investment company” means a corporation registered...

Section 2-311 - Restrictions on Making Distributions - (a) (1) No distribution may be made if, after giving...

Section 2-312 - Liabilities of Directors; Contribution - (a) If it is established that the director’s duties were...

Section 2-313 - Annual Statement of Affairs - (a) The president or, if provided in the bylaws, some...