Maryland § 3-102

§ 3-102.

    (a)    A Maryland corporation having capital stock may:

        (1)    Consolidate with one or more other Maryland or foreign corporations having capital stock to form a new consolidated corporation;

        (2)    Merge into another Maryland or foreign corporation having capital stock, or have one or more such corporations merged into it;

        (3)    Merge into a domestic or foreign business trust having transferable units of beneficial interest, or have one or more such business trusts merge into it;

        (4)    Merge into a domestic or foreign limited partnership, or have one or more domestic or foreign limited partnerships merged into it;

        (5)    Merge into a domestic or foreign limited liability company, or have one or more domestic or foreign limited liability companies merged into it;

        (6)    Merge into a domestic or foreign partnership, or have one or more domestic or foreign partnerships merged into it;

        (7)    Participate in a share exchange either:

            (i)    As the successor; or

            (ii)    As the corporation the stock of which is to be acquired; or

        (8)    Transfer its assets.

    (b)    The provisions of this subtitle do not repeal, modify, or affect in any way a restriction or limitation:

        (1)    Imposed on a corporation by State or other applicable law or by a charter provision which applies to a consolidation, merger share exchange, or transfer of assets; or

        (2)    Contained in a franchise granted by the State or any of its political subdivisions which applies to a transfer or assignment of the franchise.