Maryland Code, CORPORATIONS AND ASSOCIATIONS 4A-705
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Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 4A-705
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) Unless otherwise agreed, a member of a limited liability company objecting to a merger of the limited liability company has the same rights with respect to the member’s membership interest in the limited liability company as a stockholder of a Maryland corporation who objects to a merger of the corporation has with respect to the stockholder’s stock under Title 3, Subtitle 2 of this article.
(b) The procedures under Title 3, Subtitle 2 of this article shall be applicable to the extent practicable.