Current with changes from the 2024 Legislative Session
Section 4-601 - Consolidation, merger, share exchange, or transfer of assets(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.Amended by 2023 Md. Laws, Ch. 560, Sec. 1, eff. 10/1/2023.