Md. Code, Financial Institutions § 3-719
This is the official text of Md. Code, Financial Institutions § 3-719, part of Maryland’s Code, Financial Institutions — regulates banks and lenders.
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§3–719.
Official statutory text
(a) The owner of shares of stock that were voted against a consolidation, merger, or transfer of assets is entitled to receive the fair value of those shares, in cash, if the transaction becomes effective.
(b) A stockholder who desires to receive payment of the fair value for shares under this section, within 30 days after the transaction becomes effective, shall:
(1) Make a written demand on the successor for payment; and
(2) Surrender the stock certificates.
(b) A stockholder who desires to receive payment of the fair value for shares under this section, within 30 days after the transaction becomes effective, shall:
(1) Make a written demand on the successor for payment; and
(2) Surrender the stock certificates.
Status: in_force · Read it on the official government site
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