§ 4-601
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/md/corporations-and-associations/4-601·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§4–601.
(a)Subject to subsection
(b)of this section, a consolidation, merger, share exchange, transfer of assets, or conversion of a close corporation shall be made in accordance with the provisions of Title 3 of this article.
(b)Approval of a proposed consolidation or merger, a transfer of assets, a conversion, or an acquisition of stock in a share exchange requires the affirmative vote of every stockholder of the close corporation.