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§ 12-911. Law applicable to mergers

West's Annotated Code of MarylandCorporations and AssociationsEffective: June 1, 2010

West's Annotated Code of Maryland
Corporations and Associations
Title 12. Statutory Trusts (Refs & Annos)
Subtitle 9. Foreign Statutory Trusts (Refs & Annos)
Effective: June 1, 2010
MD Code, Corporations and Associations, § 12-911
§ 12-911. Law applicable to mergers
Currentness
Successor
(a) If a foreign statutory trust that owns property rights, privileges, franchises, or other assets located in this State is a party to a merger in which a foreign business entity is the successor, the transfer to, vesting in, or devolution on the successor of the property rights, privileges, franchises, or other assets of the nonsurviving foreign statutory trust is effective as provided by the laws of the jurisdiction that governs the merger.
Successor filing
(b) The successor described in subsection (a) of this section shall file with the Department a certificate executed by an authorized person that specifies:
(1) Each county in this State where a foreign statutory trust party to the merger, except the successor, owned an interest in land;
(2) The name of each party to the merger;
(3) The jurisdiction under the laws of which each party was formed; and
(4) The name of the successor.
Certificate filing
(c) If a copy of the document effecting the merger has not been filed with the Department as provided in § 12-205 of this title, the successor shall file with the Department an officially certified copy of that document.
Department filing
(d)(1) Except as provided in paragraph (2) of this subsection, when the Department receives the articles and any certificate of the successor, the Department shall prepare and file certificates of merger in the manner provided for a statutory trust.
(2) The certificate of merger:
(i) Need not state the principal office in the State of a foreign statutory trust that does not have a principal office; and
(ii) Shall include other information specified in the certificate filed by the successor.

Credits

Added by Acts 2010, c. 611, § 1, eff. June 1, 2010.
MD Code, Corporations and Associations, § 12-911, MD CORP & ASSNS § 12-911
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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