§ 3-204. Effect of demand on dividend and other rights

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   A stockholder who demands payment for his stock under this subtitle:

   (1) Has no right to receive any dividends or distributions payable to holders of record of that stock on a record date after the close of business on the day as at which fair value is to be determined under § 3-202 of this subtitle; and

   (2) Ceases to have any rights of a stockholder with respect to that stock, except the right to receive payment of its fair value.

HISTORY: An. Code 1957, art. 23, § 73; 1975, ch. 311, § 2; 1976, ch. 567, § 2.

                    
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