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.
Structure Maryland Statutes
Title 3 - Corporations in General -- Extraordinary Actions
Subtitle 2 - Rights of Objecting Stockholders
Section 3-202 - Right to Fair Value of Stock
Section 3-203 - Procedure by Stockholder
Section 3-204 - Effect of Demand on Dividend and Other Rights
Section 3-205 - Withdrawal of Demand
Section 3-206 - Restoration of Dividend and Other Rights
Section 3-207 - Notice and Offer to Stockholders
Section 3-208 - Petition for Appraisal; Consolidation of Proceedings; Joinder of Objectors
Section 3-209 - Notation on Stock Certificate
Section 3-210 - Appraisal of Fair Value
Section 3-211 - Action by Court on Appraisers' Report