§ 3–212
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 3-212 (2026)
Title 3. Corporations in General -- Extraordinary Actions
Subtitle 2. Rights of Objecting Stockholders
§ 3–212LinkCopy Citation
The successor is not required to pay for the stock of an objecting stockholder or to pay a judgment rendered against it in a proceeding for an appraisal unless, simultaneously with payment:
(1)
The certificates representing the stock are surrendered to it, indorsed in blank, and in proper form for transfer; or
(2)
Satisfactory evidence of the loss or destruction of the certificates and sufficient indemnity bond are furnished.