Maryland § 3-309
Full text of Maryland Maryland Code § 3-309, with citation guidance and answers to common questions.
§ 3-309.
(a) (1) Each commercial bank shall keep a stock ledger, which shall contain the name and address of each stockholder and the number of shares of stock that the stockholder holds.
(2) In any proceeding, the stock ledger is presumptive evidence of the facts stated in it.
(b) (1) Any stockholder, director, or officer of a commercial bank may inspect the stock ledger during usual business hours.
(2) Failure to show the stock ledger to an individual on that individual’s rightful demand subjects the officer responsible for the failure to a civil penalty of $50, payable to the Commissioner.
Source: official Maryland text · Last verified 2026-08-27
Frequently Asked Questions About Maryland § 3-309
What does Maryland Code § 3-309 cover?
Section 3-309 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 § 3-309?
A common citation format is "Maryland Code § 3-309" (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 § 3-309 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.