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MGCL definition

Examples of MGCL in a sentence

  • In the event that the Corporation issues shares of stock without certificates, to the extent then required by the MGCL, the Corporation shall provide to the record holders of such shares a written statement of the information required by the MGCL to be included on stock certificates.

  • In the event that the Corporation issues shares of stock represented by certificates, such certificates shall be in such form as prescribed by the Board of Directors or a duly authorized officer, shall contain the statements and information required by the MGCL and shall be signed by the officers of the Corporation in the manner permitted by the MGCL.

  • To the extent required by the MGCL, the Company shall report in writing to its stockholders the payment of any amounts for indemnification of, or advance of Expenses to, Indemnitee under this Agreement arising out of a Proceeding by or in the right of the Company with the notice of the meeting of stockholders of the Company next following the date of the payment of any such indemnification or advance of Expenses or prior to such meeting.

  • In the event that the Corporation issues shares of stock represented by certificates, such certificates shall be in such form as prescribed by the Board of Directors or a duly authorized officer, shall contain the statements and information required by the MGCL and shall be signed by the officers of the Corporation in any manner permitted by the MGCL.

  • However, indemnification with respect to any Proceeding by or in the right of the Company or in which liability shall have been adjudged in the circumstances described in Section 2-418(c) of the MGCL shall be limited to Expenses.


More Definitions of MGCL

MGCL means the Maryland General Corporation Law, as amended from time to time, and any successor statute hereafter enacted.
MGCL has the meaning set forth in the Recitals.
MGCL means the Maryland General Corporation Law as contained in the Corporations and Associations Article of the Annotated Code of Maryland.
MGCL has the meaning set forth in Section 1.01.
MGCL means those provisions of the Code of Maryland relating to “Corporations and Associations.”
MGCL means the General Corporation Law of the State of Maryland, as amended from time to time, or any successor statute.