Maryland Corporations and Associations Section 3-104
§ 3-104.
  (a)   Notwithstanding any other provision of this subtitle, unless the charter or bylaws of a corporation provide otherwise, the approval of the stockholders and articles of transfer or share exchange, as the case may be, are not required for any:
    (1)   Transfer of assets by a corporation in the ordinary course of business actually conducted by it or as a distribution as defined in § 2-301 of this article;
    (2)   Mortgage, pledge, or creation of any other security interest in any or all of the assets of a corporation, whether or not in the ordinary course of its business;
    (3)   Exchange of shares of stock through voluntary action or under any agreement with the stockholders;
    (4)   Transfer of assets by a corporation to one or more persons if all of the equity interests of the person or persons are owned, directly or indirectly, by the corporation; or
    (5)   Transfer of assets by a corporation registered as an open-end investment company under the Investment Company Act of 1940.
  (b)   A transaction described in subsection (a) of this section also may be effected as otherwise provided in this subtitle.