Section 3-212 - Surrender of stock. - Maryland Statutes

§ 3-212. Surrender of stock.
 

The successor is not required to pay for the stock of an objecting stockholder or to pay a judgment rendered against it in a proceeding for an appraisal unless, simultaneously with payment: 

(1) The certificates representing the stock are surrendered to it, indorsed in blank, and in proper form for transfer; or 

(2) Satisfactory evidence of the loss or destruction of the certificates and sufficient indemnity bond are furnished. 
 

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