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.
Md. Code Ann., Corps. & Ass'ns § 4-601
Showing this section's text as in effect on January 1, 2019 (in force January 1, 2019 – January 1, 2024). View current text →
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.