2013 Maryland Code
CORPORATIONS AND ASSOCIATIONS
§ 3-204 - Effect of demand on dividend and other rights


MD Corp & Assn Code § 3-204 (2013) What's This?

§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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