Maryland Statutes
Title 3 - Banking Institutions -- Commercial Banks
Subtitle 7 - Consolidations, Mergers, and Transfers of Assets

Part I - In General

Section 3-701 - Definitions - (a) In this subtitle the following words have the meanings...

Section 3-702 - Scope of Subtitle - (a) Any bank may, as provided in this subtitle: (1)...

Section 3-703 - Agreement of Consolidation, Merger, or Transfer - (a) An agreement of consolidation, merger, or transfer of assets...

Section 3-704 - Public Notice of Filing - (a) (1) Except as provided in subsection (b) of this...

Section 3-705 - When Commissioner to Act - Within 6 months after the papers specified in § 3–703(c)...

Section 3-706 - Standards for Approval by Commissioner - (a) The Commissioner shall approve the agreement if: (1) The...

Section 3-707 - Disapproval by Commissioner - If the Commissioner disapproves an agreement, the Commissioner shall give...

Section 3-708 - Approval by Stockholders - (a) The agreement shall be submitted to the stockholders of...

Section 3-709 - Certificate of Consolidation, Merger, or Transfer of Assets - (a) When the executed agreement and a copy of the...

Section 3-710 - Recording of Documents - (a) The successor shall act promptly to file and record...

Section 3-711 - Charter and Bylaws of Successor in Merger - The stockholders’ approval of a merger agreement constitutes the adoption...

Section 3-712 - Effect of Consolidation or Merger - (a) Consummation of a consolidation or merger has the effects...

Section 3-713 - Effect of Transfer of Assets - Consummation of a transfer of assets has the effects provided...

Part II - Rights of Objecting Stockholders

Section 3-718 - Successor May Offer Fair Value - (a) The successor in a consolidation, merger, or transfer of...

Section 3-719 - Right to Fair Value - (a) The owner of shares of stock that were voted...

Section 3-720 - Appraisal of Fair Value - (a) The fair value of the shares of stock shall...

Section 3-721 - Amount Due Is Debt of Successor - Any amount due to an objecting stockholder under this Part...