Md. Code, Financial Institutions § 3-718
This is the official text of Md. Code, Financial Institutions § 3-718, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§3–718.
Official statutory text
(a) The successor in a consolidation, merger, or transfer of assets may offer to pay in cash to the objecting stockholders of a constituent bank not more than what it considers to be the fair value of their shares of stock as of the time of the stockholders’ meeting approving the transaction.
(b) An objecting stockholder who accepts the offer is barred from receiving the appraised fair value of the shares of stock under § 3-719 of this subtitle.
(b) An objecting stockholder who accepts the offer is barred from receiving the appraised fair value of the shares of stock under § 3-719 of this subtitle.
Status: in_force · Read it on the official government site
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