Maryland § 3-311
Full text of Maryland Maryland Code § 3-311, with citation guidance and answers to common questions.
§ 3-311.
(a) On demand of a stockholder, a person may not vote any share of capital stock that, on the stock ledger of a commercial bank, appears to have been transferred within the preceding year, unless the person takes an oath as provided in this section.
(b) The challenged voter shall take an oath, before the judges of election or other officers of the meeting:
(1) That the voter is the true owner of the capital stock and that, without any understanding that the capital stock be transferred to the party from whom it was received, the voter:
(i) Bought and paid or secured payment for it with full consideration; or
(ii) Received it by inheritance, bequest, survivorship, distribution, or gift; or
(2) If the challenged voter is voting for a principal, by proxy or power of attorney:
(i) That the voter believes the principal bought and paid or secured payment for the capital stock with full consideration; or
(ii) That, to the best of the voter’s knowledge and belief, the principal is the true owner of the capital stock, having received it by inheritance, bequest, survivorship, distribution, or gift.
(c) This section does not prevent a stockholder from voting any share of capital stock that is pledged in good faith for a loan but has not been sold.
Frequently Asked Questions About Maryland § 3-311
What does Maryland Code § 3-311 cover?
Section 3-311 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 § 3-311?
A common citation format is "Maryland Code § 3-311" (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 § 3-311 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.