Maryland now allows corporations to use 'electronic networks or databases' for its records and communications, opening the door for wider blockchain use.
May 07, 2019 at 11:30 AM
1 minute read
Reporter
Maryland now allows corporations to keep their records and transmit corporation communications through blockchain. Its Big Law drafter said the amendments should allow for quicker transactions and shareholder communication.
The amendments to Maryland’s General Corporation Law were passed on April 30 and are set to go into effect Oct. 1. Maryland joins Delaware and Wyoming in authorizing incorporated companies to use blockchain-backed corporate records and communication.
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