Section 1-102 - Applicability and construction of article. - Maryland Statutes

§ 1-102. Applicability and construction of article.
 

(a)  Article applies to all Maryland corporations.- Except as otherwise expressly provided by statute, the provisions of this article apply to every Maryland corporation and to all their corporate acts. 

(b)  Inconsistency with special acts.-  

(1) To the extent that rights conferred by a special act of the General Assembly are inconsistent with provisions of this article, the rights conferred by the special act govern. 

(2) Unless the special act provides otherwise, the provisions of this article which are of general applicability may be used as an alternative to any of these inconsistent provisions. 

(c)  Article is in addition to other requirements.- The requirements of this article are in addition to and not in substitution of any other requirements of law relating to any particular corporation or class of corporation. 

(d)  Inconsistency between article and provisions relating to particular classes of corporations; exception.-  

(1) To the extent that any provision of the Code which relates to a specific class of corporations conflicts with a general provision of this article, the specific provision governs. 

(2) Any Maryland corporation that conducts its operations entirely outside the State may be formed and managed under the general provisions of this article without regard to the provisions relating to particular classes of corporations. 

(e)  Charters subject to repeal or modification.- The charter of every corporation formed before June 1, 1951, which is subject to repeal or modification, and the charter of every corporation formed under this article is subject to repeal or modification by public general law of the General Assembly. 
 

[An. Code 1957, art. 23, § 1; 1975, ch. 311, § 2.]