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Statutes Text

Article - Financial Institutions




§3–719.

    (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.



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