§ 3–718
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-718 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 7. Consolidations, Mergers, and Transfers of Assets
§ 3–718LinkCopy Citation
(a)
The successor in a consolidation, merger, or transfer of assets may offer to pay in cash to the objecting stockholders of a constituent bank not more than what it considers to be the fair value of their shares of stock as of the time of the stockholders’ meeting approving the transaction.
(b)
An objecting stockholder who accepts the offer is barred from receiving the appraised fair value of the shares of stock under § 3-719 of this subtitle.