Section 3-702 - Scope of subtitle(a) Any bank may, as provided in this subtitle:(1) Consolidate with one or more other banks to form a new consolidated bank;(2) Merge into another bank or have one or more other banks merged into it; or(3) Transfer its assets to another bank.(b) If the successor will be a commercial bank:(1) The consolidation, merger, or transfer of assets shall be made in accordance with the provisions of this subtitle; and(2) If one of the constituent banks is a national banking association or a federally chartered savings bank or savings and loan association, federal law governs its actions and the rights of its stockholders.(c) If the successor will be a national banking association or a federally chartered savings bank or savings and loan association: (1) Federal law governs: (i) The actions of a constituent bank;(ii) The rights of its stockholders; and(iii) The effect of the consolidation, merger, or transfer of assets on its rights, franchises, interests, and fiduciary duties; and(2) Except for this section and § 3-710 of this subtitle, the other provisions of this subtitle do not apply to the consolidation, merger, or transfer of assets.(d) If one of the constituent banks is an other-state bank:(1) Maryland law governs: (i) The actions of the banking institution;(ii) The rights of its stockholders; and(iii) The effect of the consolidation, merger, or transfer of assets on its rights, franchises, interests, and fiduciary duties; and(2) The law of the other state governs: (i) The actions of the other-state bank;(ii) The rights of its stockholders; and(iii) The effect of the consolidation, merger, or transfer of assets on its rights, franchises, interests, and fiduciary duties.