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<section article="gca" article_name="Corporations and Associations" number="3-102" title_number="3" title_name="Corporations in General -- Extraordinary Actions" subtitle_number="1" subtitle_name="Consolidation, Merger, and Transfer of Assets">
  <level label="a">
    <text>A Maryland corporation having capital stock may:</text>
    <level label="1">
      <text>Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;</text>
    </level>
    <level label="2">
      <text>Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;</text>
    </level>
    <level label="3">
      <text>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;</text>
    </level>
    <level label="4">
      <text>Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;</text>
    </level>
    <level label="5">
      <text>Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;</text>
    </level>
    <level label="6">
      <text>Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;</text>
    </level>
    <level label="7">
      <text>Participate in a share exchange either:</text>
      <level label="i">
        <text>As the successor; or</text>
      </level>
      <level label="ii">
        <text>As the corporation the stock of which is to be acquired; or</text>
      </level>
    </level>
    <level label="8">
      <text>Transfer its assets.</text>
    </level>
  </level>
  <level label="b">
    <text>The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:</text>
    <level label="1">
      <text>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</text>
    </level>
    <level label="2">
      <text>Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.</text>
    </level>
  </level>
</section>
