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Section 3-212 - Surrender of Stock — Maryland Law | CourtGPT
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  7. Section 3-212 - Surrender of Stock
Maryland Legal Code

Section 3-212 - Surrender of Stock

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The successor is not required to pay for the stock of an objecting stockholder or to pay a judgment rendered against it in a proceeding for an appraisal unless, simultaneously with payment: (1) The certificates representing the stock are surrendered to it, indorsed in blank, and in proper form for transfer; or (2) Satisfactory evidence of the loss or destruction of the certificates and sufficient indemnity bond are furnished.