§ 4–601
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4-601 (2026)
Title 4. Close Corporations
Subtitle 6. Termination of Existence
§ 4–601LinkCopy Citation
(a)
Subject to subsection (b) of this section, a consolidation, merger, share exchange, transfer of assets, or conversion of a close corporation shall be made in accordance with the provisions of Title 3 of this article.
(b)
Approval of a proposed consolidation or merger, a transfer of assets, a conversion, or an acquisition of stock in a share exchange requires the affirmative vote of every stockholder of the close corporation.