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Statutes Text

Article - Corporations and Associations




§3–204.

    A stockholder who demands payment for his stock under this subtitle:

        (1)    Has no right to receive any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle; and

        (2)    Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.



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