§ 3-204
82 words·~1 min read·
/md/corporations-and-associations/3-204·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–204.
A stockholder who demands payment for his stock under this subtitle:
(1)Has no right to receive any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle; and
(2)Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.