§ 3-719
78 words·~1 min read·
/md/financial-institutions/3-719·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–719.
(a)The owner of shares of stock that were voted against a consolidation, merger, or transfer of assets is entitled to receive the fair value of those shares, in cash, if the transaction becomes effective.
(b)A stockholder who desires to receive payment of the fair value for shares under this section, within 30 days after the transaction becomes effective, shall:
(1)Make a written demand on the successor for payment; and
(2)Surrender the stock certificates.