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<section article="gca" article_name="Corporations and Associations" number="3-703" title_number="3" title_name="Corporations in General -- Extraordinary Actions" subtitle_number="7" subtitle_name="Voting Rights of Certain Control Shares">
  <text>Any person who proposes to make or who has made a control share acquisition may deliver an acquiring person statement to the corporation at the corporation’s principal office. The acquiring person statement shall set forth all of the following:</text>
  <level label="1">
    <text>The identity of the acquiring person and each other member of any group of which the person is a part for purposes of determining control shares;</text>
  </level>
  <level label="2">
    <text>A statement that the acquiring person statement is given under this subtitle;</text>
  </level>
  <level label="3">
    <text>The number of shares of the corporation owned (directly or indirectly) by the acquiring person and each other member of any group;</text>
  </level>
  <level label="4">
    <text>The applicable range of voting power as set forth in § 3–701(e) of this subtitle; and</text>
  </level>
  <level label="5">
    <text>If the control share acquisition has not occurred:</text>
    <level label="i">
      <text>A description in reasonable detail of the terms of the proposed control share acquisition; and</text>
    </level>
    <level label="ii">
      <text>Representations of the acquiring person, together with a statement in reasonable detail of the facts on which they are based, that:</text>
      <level label="1">
        <text>The proposed control share acquisition, if consummated, will not be contrary to law; and</text>
      </level>
      <level label="2">
        <text>The acquiring person has the financial capacity, through financing to be provided by the acquiring person and any additional specified sources of financing required under § 3–705 of this subtitle, to make the proposed control share acquisition.</text>
      </level>
    </level>
  </level>
</section>
