Maryland Corporations and Associations Section 3-204

Article - Corporations and Associations

§ 3-204.

      A stockholder who demands payment for his stock under this subtitle:

            (1)      Has no right to receive any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle; and

            (2)      Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.



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