Md. Code, Corp. & Ass'ns § 3-114.1
Current with changes from the 2024 legislative session from Chs. 2 through 1049, effective on or before 6/1/2024
On consummation of a share exchange, the stockholders of the corporation the stock of which is to be acquired are deemed to have exchanged their stock as provided by the articles, without further act, subject to the rights of an objecting stockholder under Subtitle 2 of this title.
Md. Code, CA § 3-114.1