Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(a) A Maryland corporation having capital stock may:
(1) Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;
(2) Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;
(3) Merge into a domestic or foreign business trust having transferable units of beneficial interest, or have one or more such business trusts merge into it;
(4) Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;
(5) Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;
(6) Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;
(7) Participate in a share exchange either:
(i) As the successor; or
(ii) As the corporation the stock of which is to be acquired; or
(8) Transfer its assets.
(b) The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:
(1) Imposed on a corporation by State or other applicable law or by a charter provision which applies to a consolidation, merger share exchange, or transfer of assets; or
(2) Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 3-102 - last updated January 01, 2025 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-3-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)