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§ 4-601. Affirmative vote for consolidation, merger

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2023

West's Annotated Code of Maryland
Corporations and Associations
Title 4. Close Corporations (Refs & Annos)
Subtitle 6. Termination of Existence
Effective: October 1, 2023
MD Code, Corporations and Associations, § 4-601
§ 4-601. Affirmative vote for consolidation, merger
Currentness
In accordance with Title 3 of this article
(a) Subject to subsection (b) of this section, a consolidation, merger, share exchange, transfer of assets, or conversion of a close corporation shall be made in accordance with the provisions of Title 3 of this article.
Every stockholder
(b) Approval of a proposed consolidation or merger, a transfer of assets, a conversion, or an acquisition of stock in a share exchange requires the affirmative vote of every stockholder of the close corporation.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 2023, c. 560, § 1, eff. Oct. 1, 2023.
Formerly Art. 23, § 110.
MD Code, Corporations and Associations, § 4-601, MD CORP & ASSNS § 4-601
Current through legislation effective through April 25, 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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