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Changes to Maryland General Corporation Law

Maryland’s General Assembly amended the General Corporation Law during the latest legislative session. Changes included: Establishing jurisdiction rules for adjudicating internal corporate claims; prohibiting a Maryland corporation with capital stock or a real estate investment trust (REIT) from imposing liability on a stockholder who is a party to an internal corporate claim for attorney fees or other expenses; providing that a director of a corporation or trustee of a REIT is deemed to have consented to appointment of the resident agent for the corporation or REIT, or the SDAT if there is no resident agent, as agent for service of process for specified civil actions; providing for any two officers to sign articles of revival; and limiting conversion of a nonstock corporation to a foreign corporation that does not have the authority to issue stock.

These and other changes to Maryland business law are captured in the 2017 Edition of Maryland & DC Laws Governing Business Entities Annotated. This resource contains up-to-date annotated business entity legislation for both Maryland and the District of Columbia, as well as other valuable features that make legal research faster and more efficient.

The 2017 Edition includes the latest amendments to the Maryland General Corporation Law, as well as the District of Columbia Business Corporation Act. In addition, over a dozen new case notes have been added from decisions of Maryland and D.C. courts, and from federal courts sitting in those jurisdictions.

Also included are in-depth analyses of the 2017 legislative and judicial developments in the Maryland General Corporation Law and Maryland REIT Law, prepared by James J. Hanks, Jr., a partner at Venable LLP.

The companion CD-ROM contains over 100 forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all business entity types in Maryland and the District of Columbia. A listing of the forms and contact information for the jurisdictions can be found in the book’s appendix.

Maryland & The District of Columbia Laws Governing Business Entities is available as a softbound book or as an ebook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It is also available on the LexisNexis Digital Library.

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To learn more about the 2017 Edition of Maryland & The District of Columbia Laws Governing Business Entities, call 1.800.533.1637 or visit us online at www.lexisnexis.com/csc.