§ 3–116
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-116 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 1. Consolidation, Merger, and Transfer of Assets
§ 3–116LinkCopy Citation
A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from:
(1)
Taxation granted by its charter; and
(2)
Repeal or modification of its charter.