§ 3–719
Statutes in effect as of October 1, 2026.
Md. Code Ann., Fin. Inst. § 3-719 (2026)
Title 3. Banking Institutions -- Commercial Banks
Subtitle 7. Consolidations, Mergers, and Transfers of Assets
§ 3–719LinkCopy Citation
(a)
The owner of shares of stock that were voted against a consolidation, merger, or transfer of assets is entitled to receive the fair value of those shares, in cash, if the transaction becomes effective.
(b)
A stockholder who desires to receive payment of the fair value for shares under this section, within 30 days after the transaction becomes effective, shall:
(1)
Make a written demand on the successor for payment; and
(2)
Surrender the stock certificates.