<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="3-116" title_number="3" title_name="Corporations in General -- Extraordinary Actions" subtitle_number="1" subtitle_name="Consolidation, Merger, and Transfer of Assets">
  <text>A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from:</text>
  <level label="1">
    <text>Taxation granted by its charter; and</text>
  </level>
  <level label="2">
    <text>Repeal or modification of its charter.</text>
  </level>
</section>
