§ 3-212
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/md/corporations-and-associations/3-212·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–212.
The successor is not required to pay for the stock of an objecting stockholder or to pay a judgment rendered against it in a proceeding for an appraisal unless, simultaneously with payment:
(1)The certificates representing the stock are surrendered to it, indorsed in blank, and in proper form for transfer; or
(2)Satisfactory evidence of the loss or destruction of the certificates and sufficient indemnity bond are furnished.