Md. Code, Corporations and Associations § 3-102
This is the official text of Md. Code, Corporations and Associations § 3-102, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§3–102.
Official statutory text
(a) A Maryland corporation having capital stock may:
(1) Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;
(2) Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;
(3) Merge into a domestic or foreign business trust having transferable units of beneficial interest, or have one or more such business trusts merge into it;
(4) Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;
(5) Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;
(6) Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;
(7) Participate in a share exchange either:
(i) As the successor; or
(ii) As the corporation the stock of which is to be acquired; or
(8) Transfer its assets.
(b) The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:
(1) Imposed on a corporation by State or other applicable law or by a charter provision which applies to a consolidation, merger share exchange, or transfer of assets; or
(2) Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.
(1) Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;
(2) Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;
(3) Merge into a domestic or foreign business trust having transferable units of beneficial interest, or have one or more such business trusts merge into it;
(4) Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;
(5) Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;
(6) Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;
(7) Participate in a share exchange either:
(i) As the successor; or
(ii) As the corporation the stock of which is to be acquired; or
(8) Transfer its assets.
(b) The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:
(1) Imposed on a corporation by State or other applicable law or by a charter provision which applies to a consolidation, merger share exchange, or transfer of assets; or
(2) Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.
Status: in_force · Read it on the official government site
Dealing with a business matter in Maryland?
See all Maryland Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.