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2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 4-601 - Consolidation, merger, share exchange, or transfer of assets


MD Corp & Assn Code § 4-601 (2013) What's This?

§4-601.

A consolidation, merger, share exchange, or transfer of assets of a close corporation shall be made in accordance with the provisions of Title 3 of this article. However, approval of a proposed consolidation or merger, a transfer of its assets, or an acquisition of its stock in a share exchange requires the affirmative vote of every stockholder of the corporation.

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