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2020 Maryland Statutes
Corporations and Associations
Title 3 - Corporations in General -- Extraordinary Actions
Subtitle 1 - Consolidation, Merger, and Transfer of Assets
Section 3-116 - Waiver of Exemptions
Universal Citation:
MD. Corporations and Associations Code Ann. § 3-116 (2020)
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A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from:
(1) Taxation granted by its charter; and
(2) Repeal or modification of its charter.
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