§ 3-116. Waiver of exemptions

Latest version.

   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.

HISTORY: An. Code 1957, art. 23, § 65; 1975, ch. 311, § 2.

                    
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