Home Table of Contents

§ 3-103. Types of consideration

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 3. Corporations in General--Extraordinary Actions (Refs & Annos)
Subtitle 1. Consolidation, Merger, and Transfer of Assets
MD Code, Corporations and Associations, § 3-103
§ 3-103. Types of consideration
Currentness
In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following:
(1) Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;
(2) Other tangible or intangible property;
(3) Money; and
(4) Any other consideration.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1980, c. 132; Acts 1988, c. 550; Acts 1992, c. 536.
Formerly Art. 23, § 65.
MD Code, Corporations and Associations, § 3-103, MD CORP & ASSNS § 3-103
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.
End of Document