Md. Code, Corporations and Associations § 3-103
This is the official text of Md. Code, Corporations and Associations § 3-103, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§3–103.
Official statutory text
In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following:
(1) Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;
(2) Other tangible or intangible property;
(3) Money; and
(4) Any other consideration.
(1) Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;
(2) Other tangible or intangible property;
(3) Money; and
(4) Any other consideration.
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