A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from: (1) Taxation granted by its charter; and (2) Repeal or modification of its charter.
Maryland Legal Code
A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from: (1) Taxation granted by its charter; and (2) Repeal or modification of its charter.