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§ 3-705. Special meeting required

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 7. Voting Rights of Certain Control Shares
MD Code, Corporations and Associations, § 3-705
§ 3-705. Special meeting required
Currentness
A call of a special meeting of stockholders of the corporation is not required to be made under § 3-704(a) of this subtitle unless, at the time of delivery of an acquiring person statement under § 3-703 of this subtitle, the acquiring person has:
(1) Entered into a definitive financing agreement or agreements with one or more responsible financial institutions or other entities that have the necessary financial capacity, providing for any amount of financing of the control share acquisition not to be provided by the acquiring person; and
(2) Delivered a copy of the agreements to the corporation.

Credits

Added by Acts 1989, c. 51.
MD Code, Corporations and Associations, § 3-705, MD CORP & ASSNS § 3-705
Current through legislation effective through May 9, 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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