1680

LAWS OF MARYLAND

[Ch. 311

SHALL BE MADE. THE COURT MAY ORDER OTHER APPROPRIATE
TERMS AND CONDITIONS OF SALE, INCLUDING:

(1)    PAYMENT OF THE PURCHASE PRICE IN
INSTALLMENTS; AND

(2)    THE ALLOCATION OF SHARES OF STOCK AMONG
ELECTING STOCKHOLDERS .

(D)   INTEREST ON PURCHASE PRICE.
THE PETITIONER:

(1)   IS ENTITLED TO INTEREST ON THE PURCHASE
PRICE OF HIS STOCK FROM THE DATE THE PETITION IS FILED;
AND

(2)   CEASES TO HAVE ANY OTHER RIGHTS WITH
RESPECT TO THE STOCK, EXCEPT THE BIGHT TO RECEIVE PAYMENT
OF ITS FAIR VALUE.

(E)   COSTS OF PROCEEDING.

THE COSTS OF THE PROCEEDING, AS DETERMINED BY THE
COURT, SHALL BE DIVIDED BETWEEN THE PETITIONER AND THE
PURCHASING STOCKHOLDER. THE COSTS SHALL INCLUDE THE
REASONABLE COMPENSATION AND EXPENSES OF APPRAISERS, BUT
MAY NOT INCLUDE FEES AND EXPENSES OF COUNSEL OR OF OTHER
EXPERTS RETAINED BY A PARTY.

(F)   TRANSFER OF STOCK.

THE PETITIONER SHALL TRANSFER HIS SHARES OF STOCK TO
THE PURCHASING STOCKHOLDER:

(1)   AT A TIME SET BY THE COURT; OR

(2)   IF THE COURT SETS NO TIME, AT THE TIME
THE PURCHASE PRICE IS PAID IN FULL.

REVISOR'S NOTE: This section presently appears as
Art. 23, §109-(e).

Subsection (d) of this section is revised
without substantive change to conform to the
language of the similar provisions contained
in § 3-203 of this article.

In subsection      (f) (2) of this section, the

phrase "under     the terms and conditions

specified by the court" is deleted as
unnecessary.

The only other changes are in style.