§ 3–103
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-103 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 1. Consolidation, Merger, and Transfer of Assets
§ 3–103LinkCopy Citation
In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following:
(1)
Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;
(2)
Other tangible or intangible property;
(3)
Money; and
(4)
Any other consideration.