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§ 3-116. Resulting waiver

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, § 3-116
§ 3-116. Resulting waiver
Currentness
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.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 65.
MD Code, Corporations and Associations, § 3-116, MD CORP & ASSNS § 3-116
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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