§ 3–102
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-102 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 1. Consolidation, Merger, and Transfer of Assets
§ 3–102LinkCopy Citation
(a)
A Maryland corporation having capital stock may:
(1)
Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;
(2)
Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;
(3)
Merge into a domestic or foreign business trust having transferable units of beneficial interest, or have one or more such business trusts merge into it;
(4)
Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;
(5)
Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;
(6)
Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;
(7)
Participate in a share exchange either:
(i)
As the successor; or
(ii)
As the corporation the stock of which is to be acquired; or
(8)
Transfer its assets.
(b)
The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:
(1)
Imposed on a corporation by State or other applicable law or by a charter provision which applies to a consolidation, merger share exchange, or transfer of assets; or
(2)
Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.