§ 3–204
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-204 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 2. Rights of Objecting Stockholders
§ 3–204LinkCopy Citation
A stockholder who demands payment for his stock under this subtitle:
(1)
Has no right to receive any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle; and
(2)
Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.