Section 3-114.1 - Effect of share exchange.
§ 3-114.1. Effect of share exchange.
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.
[1976, ch. 567, § 4.]