1628

LAWS OF MARYLAND

[Ch. 311

MONTHS ENDED ON THE DATE OF THE BALANCE SHEET; AND

(III) ANY OTHER INFORMATION THE SUCCESSOR
CONSIDERS PERTINENT.

(B) MANNER OF SENDING NOTICE.

THE SUCCESSOR SHALL DELIVER THE NOTICE AND OFFER TO
EACH OBJECTING STOCKHOLDER PERSONALLY OR MAIL THEM TO HIM
BY REGISTERED MAIL AT THE ADDRESS HE GIVES THE SUCCESSOR
IN WRITING, OR, IF NONE, AT HIS ADDRESS AS IT APPEARS ON
THE RECORDS OF THE CORPORATION WHICH ISSUED THE STOCK.

REVISOR'S NOTE: This section presently appears as
Art. 23, §73(c).

References to "post-office" addresses have

been deleted     as unnecessary in light of the

definition of "address" in §1—101 of this
article.

The only other changes are in style.

See Art. 1, §20 for a provision permitting
the use of certified sail as a substitute for
registered sail.

[[3-207]] 3-20 8. PETITION FOR APPRAISAL; CONSOLIDATION
OF PROCEEDINGS; JOINDER OF OBJECTORS.

(A)   PETITION FOR APPRAISAL.

WITHIN 50 DAYS AFTER THE DEPARTMENT ACCEPTS THE
ARTICLES FOR RECORD, THE SUCCESSOR OR AN OBJECTING
STOCKHOLDER WHO HAS NOT RECEIVED PAYMENT FOR HIS STOCK
MAY PETITION A COURT OF EQUITY IN THE COUNTY WHERE THE
PRINCIPAL OFFICE OF THE SUCCESSOR IS LOCATED OR, IF IT
DOES NOT HAVE A PRINCIPAL OFFICE IN THIS STATE, WHERE THE
RESIDENT AGENT OF THE SUCCESSOR IS LOCATED, FOR AN
APPRAISAL TO DETERMINE THE FAIR VALUE OF THE STOCK.

(B)   CONSOLIDATION OF SUITS; JOINDER OF OBJECTORS.

(1)   IF MORE THAN ONE APPRAISAL PROCEEDING IS
INSTITUTED, THE COURT SHALL DIRECT THE CONSOLIDATION OF
ALL THE PROCEEDINGS ON TERMS AND CONDITIONS IT CONSIDERS
PROPER.

(2)   TWO OR MORE OBJECTING STOCKHOLDERS MAY
JOIN OR BE JOINED IN AN APPRAISAL PROCEEDING.

REVISOR'S NOTE: This section presently appears as
Art. 23, §73(d).