{"data":{"id":"us-md/md.-code-corporations-and-associations-3-213","jurisdiction":"us-md","citation":"Md. Code, Corporations and Associations § 3–213","heading":"","body":"(a) A successor which acquires the stock of an objecting stockholder is entitled to any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle.\n(b) After acquiring the stock of an objecting stockholder, a successor in a transfer of assets may exercise all the rights of an owner of the stock.\n(c) Unless the articles provide otherwise, stock in the successor of a consolidation, merger, or share exchange otherwise deliverable in exchange for the stock of an objecting stockholder has the status of authorized but unissued stock of the successor. However, a proceeding for reduction of the capital of the successor is not necessary to retire the stock or to reduce the capital of the successor represented by the stock.","path":["Article - Corporations and Associations"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gca\u0026section=3-213","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:43Z","sha256":"7770dd2a1148a9ad5e0b0aea6ca13da40ba9bf1671e801c0ce5d420d3dc0ddfd","source_id":"us-md","stale":false,"prev":"us-md/md.-code-corporations-and-associations-3-212","next":"us-md/md.-code-corporations-and-associations-3-301"},"notice":"GroundRules: Original legal text. Not legal advice."}