(a) The rights of a stockholder who demands payment are restored in full, if:
(1) The demand for payment is withdrawn;
(2) A petition for an appraisal is not filed within the time required by this subtitle;
(3) A court determines that the stockholder is not entitled to relief; or
(4) The transaction objected to is abandoned or rescinded.
(b) The restoration of a stockholder’s rights entitles him to receive the dividends, distributions, and other rights he would have received if he had not demanded payment for his stock. However, the restoration does not prejudice any corporate proceedings taken before the restoration.
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