Maryland Financial Institutions Section 3-719

Article - Financial Institutions

§ 3-719.

      (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.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.