§ 5-116. Appraisal proceeding costs and fees
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 5-116
§ 5-116. Appraisal proceeding costs and fees
(a)(1) In an appraisal proceeding commenced under § 5-115 of this subtitle, the court shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court, and shall assess the costs against the professional corporation.
(b) The court may assess the fees and expenses of counsel and experts for the disqualified stockholder against the corporation and in favor of the disqualified stockholder if the court finds that the fair value of the stock substantially exceeded the amount offered by the corporation or that the corporation did not make an offer.
Credits
Added by Acts 1993, c. 413, § 2.
MD Code, Corporations and Associations, § 5-116, MD CORP & ASSNS § 5-116
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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