Section 2-605 - Charter amendment - Minor changes in name or designation of stock classes or series. - Maryland Statutes

§ 2-605. Charter amendment - Minor changes in name or designation of stock classes or series.
 

(a)  In general.- Notwithstanding the provisions of § 2-604 of this subtitle, unless prohibited in the charter by reference to this section or the subject matter of this section, a majority of the entire board of directors, without action by the stockholders, may amend the charter of a corporation to: 

(1) Change the name of the corporation; or 

(2) Change the name or other designation or the par value of any class or series of stock of the corporation and the aggregate par value of the stock of the corporation. 

(b)  Restrictions.- A change in the name or other designation of a class or series of stock under subsection (a)(2) of this section may not change the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, or terms or conditions of redemption of the class or series of stock. 
 

[An. Code 1957, art. 23, § 11; 1975, ch. 311, § 2; 1976, ch. 567, § 2; 1994, ch. 593; 1995, ch. 3, § 1; 1999, ch. 395; 2005, ch. 586; 2007, ch. 5, § 7.]