Maryland Corporations and Associations Section 3-103

Article - Corporations and Associations

§ 3-103.

      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.



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