Maryland § 3-301

Full text of Maryland Maryland Code § 3-301, with citation guidance and answers to common questions.

§ 3-301.

    (a)    If the final order of a court makes a plan of reorganization binding on the stockholders of a corporation, the board of directors, trustee, or receiver, as the case may be, may take any action necessary to carry out the plan without any other corporate approval.

    (b)    If a charter document is required to be filed with the Department to carry out a transaction under subsection (a) of this section, it shall state:

        (1)    That the transaction was carried out under a plan of reorganization pursuant to a final order of a court having jurisdiction;

        (2)    The name of the court and the caption and docket number of the proceedings; and

        (3)    That the transaction was approved by the board of directors, trustee, or receiver, as the case may be.

    (c)    If the action is taken by a trustee or receiver, he may sign and acknowledge the charter document for the corporation, and no other execution, acknowledgment, or affidavit on behalf of the corporation is required.

Frequently Asked Questions About Maryland § 3-301

What does Maryland Code § 3-301 cover?

Section 3-301 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maryland § 3-301?

A common citation format is "Maryland Code § 3-301" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maryland law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.

How does Maryland § 3-301 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.