Maryland Statutes
Subtitle 7 - Voting Rights of Certain Control Shares
Section 3-703 - Acquiring Person Statement

Any person who proposes to make or who has made a control share acquisition may deliver an acquiring person statement to the corporation at the corporation’s principal office. The acquiring person statement shall set forth all of the following:
        (1)    The identity of the acquiring person and each other member of any group of which the person is a part for purposes of determining control shares;
        (2)    A statement that the acquiring person statement is given under this subtitle;
        (3)    The number of shares of the corporation owned (directly or indirectly) by the acquiring person and each other member of any group;
        (4)    The applicable range of voting power as set forth in § 3–701(e) of this subtitle; and
        (5)    If the control share acquisition has not occurred:
            (i)    A description in reasonable detail of the terms of the proposed control share acquisition; and
            (ii)    Representations of the acquiring person, together with a statement in reasonable detail of the facts on which they are based, that:
                1.    The proposed control share acquisition, if consummated, will not be contrary to law; and
                2.    The acquiring person has the financial capacity, through financing to be provided by the acquiring person and any additional specified sources of financing required under § 3–705 of this subtitle, to make the proposed control share acquisition.

Structure Maryland Statutes