Maryland Statutes
Subtitle 6 - Termination of Existence
Section 4-601 - Consolidation, Merger, Share Exchange, or Transfer of Assets

A consolidation, merger, share exchange, or transfer of assets of a close corporation shall be made in accordance with the provisions of Title 3 of this article. However, approval of a proposed consolidation or merger, a transfer of its assets, or an acquisition of its stock in a share exchange requires the affirmative vote of every stockholder of the corporation.