Section 3-204 - Effect of demand on dividend and other rights. - Maryland Statutes

§ 3-204. Effect of demand on dividend and other rights.
 

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

(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) Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value. 
 

[An. Code 1957, art. 23, § 73; 1975, ch. 311, § 2; 1976, ch. 567, § 2.]