Section 3-111 - Action by Department. - Maryland Statutes

§ 3-111. Action by Department.
 

(a)  Preparation of certificates.- The Department shall prepare certificates of consolidation, merger, share exchange, or transfer, as the case may be, that specify: 

(1) The name of each party to the articles; 

(2) The name of the successor and the location of its principal office in this State or, if it has none, its principal place of business; and 

(3) The time the articles are accepted for record by the Department. 

(b)  Certificate to clerk in county where a land interest is owned.- In addition to any other provision of law with respect to recording, the Department shall send one certificate each to the clerk of the circuit court for each county where the articles show that a merging corporation, partnership, limited partnership, limited liability company, or business trust other than the successor, a consolidating corporation, or a transferor corporation owns an interest in land. 

(c)  Recording of certificate.- On receipt of a certificate, a clerk promptly shall record it with the land records. 
 

[An. Code 1957, art. 23, § 66; 1975, ch. 311, § 2; 1976, ch. 567, § 2; 1978, ch. 255; 1988, ch. 550; 1992, ch. 536; 1993, ch. 265; 1997, ch. 654, § 2.]