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SECTION

PAGE

26 Withdrawals from State Fund...

510

27 Fund to bear its proper proportion of administrative expense.. 510

28 In case of repeal, fund to be distributed in accordance with

the justice of the matter....

542

29 Policies subject to the provisions of this Act; companies to se-

cure license--adequate rates may be required to be main-

tained by Insurance Commissioner--penalty for vioiations.. 542

30 Provisions which insurance policy must contain-cancelation of

policies

542

31 This Act shall not affect existing policies or any a rangement

now existing—compensation specified herein to be additional. 544

32 Extra-hazardous employments to which the porvisions of this

Act are applicable enumerated.....

545

33 By agreement between employer and employees, Act may apply

to work not extra-hazardous; age at which workman may

make agreement-statement of application of law as to intra-

State and inter-State occupations...

549

34 When a Federal law applicable to common car iers in inter-

State or foreign comunerce may be made to apply to em-

ployees of the carriers while engaged on work entirely in the

State

550

35 Applicable to the State, county, city or any municipality when

engaged in extra-hazardous work...

551

36 Schedule of compensation under this Act.

551

37 In addition to the compensation provided in the schedules,

medical, surgical, nurse, hospital, medicines and appa atus

not to exceed one hundred and fifty dollars must be provided. 556

38 Notice of injury for which compensation is payable shall be

given promptly-when failure to notify a bar to claim...... 557

39 Employee must file aplication within 30 days-certificate of

pliysician, if any--in case of death, how application made... 558

40 Powers of Commission in investigating--hearing--arbitration.. 558

41 Penalty for fraudulent application ....

559

42 Employee must submit to examination is requi:ed..

5.19

43 Further accident to employee already receiving payment under

this Act-remarriage of dependent widew-readjustment of

compensation

560

44 If beneficiary be a non-resident for one year, Commission may

convert payments into a lump sum--maximum amount.... 560

45 When death results from deliberate act of employee...

500

46 Self.inflicted inju. y or will'ul misconduct or intoxication.. 560

47 Expectation of increase of wages to be considered..

501

48 Minor working at age legal in this State shall be deemed sui

juirs

561

49 For two weeks after injury, no compensation allowed, except

for medical, nurse and hospital services and medicines and

for funeral expense

561

50 In case of death, Commission shall determine to which of de-

pendents benetits shall be paid for the benefit of all.... 561

51 Commission shall determine whether compensation to be paid

in a partial o. total lump sum....

562

52 Prior to the issuance of warrant or voucher, the money shall

not be capable of being assigned, charged or taken in execu-
tion or attachmenī...

502

53 Agreement to waive the benefit of this Act is void/agreement

by employee to pay any portion of premium paid by employee

void .

502

PREFACE

In 1914 the editor undertook to collect, collate and include within the confines of one volume, all the then-existing laws of Maryland governing the creation, organization, regulation, taxation and dissolution of corporations formed under the laws of or doing business in Maryland, as well as the statutes bearing on cognate subjests. While the author realized that he was essaying a none too ambitious form of authorship, yet he hoped that what the work lacked in literary rank, it might possess in utility, a dream that has not failed of realization, if one may judge by the letters of appreciation from many who prior to the publication of the work had been compelled to search for contemporaneous corporation law under widely separated and disassociated titles. Anterior to 1908, the Maryland corporation law consisted of a hotch-potch of acts, amendments partial and total, repeals and re-enactments, which chaotic condition was aimed to be remedied by the passage of the Corporation Act of that year. This enactment, epochal in Maryland corporation law development and known as Chapter 210 of the Acts of 1908, was carefully framed and embodied the logical and fundamental principles regulating the formation of modern business corporations. Between 1908 and 1914 important changes in the law were made, which the former edition of the work attempted to assign to their respective places in the general scheme of the Maryland law.

The hope of usefulness to the profession of a work of this kind has been fulfilled, and the editor has experienced the added pleasurable assurance that his book has been of value to officers and agents of corporations who by reason of their lack of familiarity with the sources and classification of law. have heretofore been unable to learn at first hand the existing regulatory statutes.

Since the publication of the first edition the Maryland Legislature has passed numerous statutes, making many and important changes in the laws relating to corporations, notably

Chapter 596 of the Acts of 1916, which may properly be desig. nated as the Amendatory Corporation Act. The corporation law of Maryland, dating from 1908, and, therefore, new and unadjudicated, has given rise within the past few years to considerable litigation, the decisions in which has settled the law. References are given to these important decisions.

In compiling this work the editor has made use of (a) Bagby's Code of Public Civil Laws (2 vols.) of 1912, sometimes referred to as the Code of 1911; (b) Bagby's Code of Public Civil Laws (3rd vol., containing Article 27, entitled "Crimes,” and the laws passed at the Sessions of 1912 and 1914); (c) Acts passed at the Session of 1916, and (d) the Maryland Reports up to and including vol. 126.

Considerable labor and time have been expended on that important feature of a work of this kind—the Index-and the editor expresses the hope that this will add some ease of reference to whatever other usefulness the book may have.

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INTRODUCTION

GENERAL. Prior to the passage of Chapter 240 of the Acts of 1908, generally known as the Corporation Act, the laws of the State of Maryland pertaining directly to, or materially affecting corporations, constituted a maze of planless legislation. Since the passage of this Act many other statutes pertaining solely or principally to corporations and the rules of law governing them have been passed, and an enumeration of and comment upon them in this introduction are pertinent. The two most important statutes are the Corporation Act of 1908 and Chapter 596 of the Acts of 1916, which properly may be designated as the Amendatory Corporation Act.

THE CORPORATION ACT OF 1908. The Corporation Act, subject to subsequent modifications, governs the creation, powers, regulation and dissolution of corporations generally. The first section of this Act provides for the repeal of nearly one hundred of the sections of the law existing prior thereto, and it contains practically a complete statement of all of the fundamental principles and rules governing corporations generally, except those relating to their taxation. It provides that nothing shall affect the existence of

any then existing corporation; that in the event of any

inconsistencies between the provisions of its sections and the rights conferred by any special Act, the provisions of the special Act shall prevail to the extent of such inconsistency; that in the event of any inconsistencies between any of the provisions of said sections and the provisions made for particular classes of corporations (the same not being provided for or affected by said Act), the latter shall prevail to the extent of such inconsistency; and that, unless otherwise stated, the provisions of the Act shall be available to all corporations of this State as an alternative to, and not in substitution for, any inconsistent provisions contained in any special Act or the provisions made for particular classes of corporations by the then existing law.

Another important section of this statute, namely, Section 79, inserted herein as Section 104, at page 123, should be noted

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