{"data":{"id":"us-md/md.-code-corporations-and-associations-3-301","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 3–301","heading":"","body":"(a) If the final order of a court makes a plan of reorganization binding on the stockholders of a corporation, the board of directors, trustee, or receiver, as the case may be, may take any action necessary to carry out the plan without any other corporate approval.\n(b) If a charter document is required to be filed with the Department to carry out a transaction under subsection (a) of this section, it shall state:\n(1) That the transaction was carried out under a plan of reorganization pursuant to a final order of a court having jurisdiction;\n(2) The name of the court and the caption and docket number of the proceedings; and\n(3) That the transaction was approved by the board of directors, trustee, or receiver, as the case may be.\n(c) If the action is taken by a trustee or receiver, he may sign and acknowledge the charter document for the corporation, and no other execution, acknowledgment, or affidavit on behalf of the corporation is required.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=3-301","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"c2dfe305a1cf5b71117cf55a40131fc282b792116c7f98db70519fb83f56d845","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-3-213","next":"us-md/md.-code-corporations-and-associations-3-302"},"notice":"GroundRules: Original legal text. Not legal advice."}