Md. Code Ann., Corps. & Ass'ns § 3-103
Types of consideration
Effective Jul 1, 1975Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1980, c. 132; Acts 1988, c. 550; Acts 1992, c. 536.State of Maryland
- (1) Stock, evidence of indebtedness, partnership or limited liability company interests, or other securities of the successor or any other corporation or entity, whether or not a party to the transaction;
- (2) Other tangible or intangible property;
- (3) Money; and
- (4) Any other consideration.
In a consolidation, merger, or share exchange, stock in a corporation may be exchanged for or converted into and, in a transfer of assets, assets may be transferred in consideration of any one or more of the following:
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2; Acts 1980, c. 132; Acts 1988, c. 550; Acts 1992, c. 536.
Formerly Art. 23, § 65.