2020 Maryland Statutes
Corporations and Associations
Title 3 - Corporations in General -- Extraordinary Actions
Subtitle 1 - Consolidation, Merger, and Transfer of Assets
Section 3-111 - Action by Department

Universal Citation:
MD. Corporations and Associations Code Ann. § 3-111 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (a)    The Department shall prepare certificates of consolidation, merger, or share exchange, as the case may be, that specify:

        (1)    The name of each party to the articles;

        (2)    The name of the successor and the location of its principal office in this State or, if it has none, its principal place of business; and

        (3)    The time the articles are accepted for record by the Department.

    (b)    In addition to any other provision of law with respect to recording, the Department shall send one certificate each to the clerk of the circuit court for each county where the articles show that a merging corporation, partnership, limited partnership, limited liability company, or business trust other than the successor or a consolidating corporation owns an interest in land.

    (c)    On receipt of a certificate, a clerk promptly shall record it with the land records.

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