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Home » US Law » 2022 Maryland Statutes » Corporations and Associations » Title 4 - Close Corporations » Subtitle 6 - Termination of Existence » Section 4-601 – Consolidation, Merger, Share Exchange, or Transfer of Assets

    A consolidation, merger, share exchange, or transfer of assets of a close corporation shall be made in accordance with the provisions of Title 3 of this article. However, approval of a proposed consolidation or merger, a transfer of its assets, or an acquisition of its stock in a share exchange requires the affirmative vote of every stockholder of the corporation.