Section 3-116 - Waiver of exemptions.
§ 3-116. Waiver of exemptions.
A Maryland corporation which consolidates, merges, or transfers its assets waives all claim to any exemption from:
(1) Taxation granted by its charter; and
(2) Repeal or modification of its charter.
[An. Code 1957, art. 23, § 65; 1975, ch. 311, § 2.]