2016 Maryland Code
Corporations and Associations
Title 4 - Close Corporations
Subtitle 6 - Termination of Existence
§ 4-601. Consolidation, merger, share exchange, or transfer of assets

MD Corp & Assn Code § 4-601 (2016) What's This?

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.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

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