The stockholders’ approval of a merger agreement constitutes the adoption of the charter and bylaws of the successor, including any amendments set forth in the agreement.
Structure Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 7 - Consolidations, Mergers, and Transfers of Assets
Section 3-702 - Scope of Subtitle
Section 3-703 - Agreement of Consolidation, Merger, or Transfer
Section 3-704 - Public Notice of Filing
Section 3-705 - When Commissioner to Act
Section 3-706 - Standards for Approval by Commissioner
Section 3-707 - Disapproval by Commissioner
Section 3-708 - Approval by Stockholders
Section 3-709 - Certificate of Consolidation, Merger, or Transfer of Assets
Section 3-710 - Recording of Documents
Section 3-711 - Charter and Bylaws of Successor in Merger