Maryland Code, CORPORATIONS AND ASSOCIATIONS 9A-902
Terms Used In Maryland Code, CORPORATIONS AND ASSOCIATIONS 9A-902
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) A corporation shall approve the merger under the provisions of § 3-105 of this article.
(c) A real estate investment trust shall approve the merger under the provisions of § 8-501.1 of this article.
(d) A limited partnership shall approve the merger under the provisions of § 10-208 of this article.
(e) A limited liability company shall approve the merger under the provisions of § 4A-702 of this article.
(f) A partnership shall approve the merger by all of its partners, or a lesser number or percentage specified for merger in its partnership agreement.
(g) A foreign partnership party to the merger shall have the merger approved in the manner and by the vote required by the laws of the place where it is organized.
(h) A statutory trust shall approve the merger under the provisions of § 12-602 of this article.
(i) A business trust, other than a Maryland real estate investment trust or statutory trust, shall have the merger approved in the manner and by the vote required by the laws of the place where it is formed.