Section 3-103 - Consideration for stock or assets. - Maryland Statutes

§ 3-103. Consideration for stock or assets.
 

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: 

(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. 
 

[An. Code 1957, art. 23, § 65; 1975, ch. 311, § 2; 1976, ch. 567, § 2; 1980, ch. 132; 1988, ch. 550; 1992, ch. 536.]