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Md. Code Ann., Corps. & Ass'ns § 2-410

Redline — January 1, 2019 → current.View current text →
Current — January 1, 2023
As of January 1, 2019
(a) A director of a corporation who is present at a meeting of its board of directors at which action on any corporate matter is taken is presumed to have assented to the action unless: (1) He announces his dissent at the meeting; and (2) (i) His dissent is entered in the minutes of the meeting; (ii) He files his written dissent to the action with the secretary of the meeting before the meeting is adjourned; or (iii) He forwards his written dissent within 24 hours after the meeting is adjourned, by certified mail, return receipt requested, bearing a postmark from the United States Postal Service, to the secretary of the meeting or the secretary of the corporation.
(a) A director of a corporation who is present at a meeting of its board of directors at which action on any corporate matter is taken is presumed to have assented to the action unless: (1) The director announces the director’s dissent at the meeting; and (2) (i) The dissent is entered in the minutes of the meeting; (ii) The director files the dissent to the action in writing with or by electronic transmission to the secretary of the meeting before the meeting is adjourned; or (iii) The director forwards the dissent within 24 hours after the meeting is adjourned to the secretary of the meeting or the secretary of the corporation by: 1. Certified mail, return receipt requested, bearing a postmark from the United States Postal Service; or 2. Electronic transmission.
(b) The right to dissent does not apply to a director who: (1) Voted in favor of the action; or (2) Failed to make his dissent known at the meeting.
(b) The right to dissent does not apply to a director who: (1) Voted in favor of the action; or (2) Failed to make the director’s dissent known at the meeting.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.