Maryland Adoption of Amendment to Bylaws Authorizing Election of Directors Emeritus

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US-CC-14-192
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Description

This is an Adoption of an Amendment to the Bylaws, Authorizing the Election of Directors Emeritus. A Director Emeritus, is an honorary member of the Board of Directors. This person must have held a position on the Board of Directors for a certain number of terms, and this designation simply honors the work they did for the company.

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FAQ

To update your Maryland LLC's Articles of Organization, Articles of Amendment must be filed with the Maryland State Department of Assessments and Taxation. Filing Articles of Amendment requires a $100 fee, and can be done by mail or online.

The owners of two-thirds (2/3) of the outstanding capital stock or two-thirds (2/3) of the members in a non-stock corporation may delegate to the board of directors or trustees the power to amend or repeal any by-laws or adopt new by-laws: Provided, That any power delegated to the board of directors or trustees to ...

If you want to amend your Maryland articles of incorporation there is a $100 filing fee. If you are increasing your corporations stock, you have to call Maryland SDAT at 410-767-1340 to determine additional fees. Expedited service is available for an additional $50.

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Maryland Adoption of Amendment to Bylaws Authorizing Election of Directors Emeritus