1. (1) Has no right to receive 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; and
2. (2) Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.

A stockholder who demands payment for his stock under this subtitle:

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 567, § 2.

Formerly Art. 23, § 73.