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Section 3-719 - Right to Fair Value — Maryland Law | CourtGPT
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  3. Maryland/
  4. Financial Institutions - Title 1 - Definitions; General Provisions/
  5. Title 3 - Banking Institutions -- Commercial Banks/
  6. Subtitle 7 - Consolidations, Mergers, and Transfers of Assets/
  7. Part II - Rights of Objecting Stockholders/
  8. Section 3-719 - Right to Fair Value
Maryland Legal Code

Section 3-719 - Right to Fair Value

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(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.