Maryland § 3-703

Full text of Maryland Maryland Code § 3-703, with citation guidance and answers to common questions.

§ 3-703.

    Any person who proposes to make or who has made a control share acquisition may deliver an acquiring person statement to the corporation at the corporation’s principal office. The acquiring person statement shall set forth all of the following:

        (1)    The identity of the acquiring person and each other member of any group of which the person is a part for purposes of determining control shares;

        (2)    A statement that the acquiring person statement is given under this subtitle;

        (3)    The number of shares of the corporation owned (directly or indirectly) by the acquiring person and each other member of any group;

        (4)    The applicable range of voting power as set forth in § 3–701(e) of this subtitle; and

        (5)    If the control share acquisition has not occurred:

            (i)    A description in reasonable detail of the terms of the proposed control share acquisition; and

            (ii)    Representations of the acquiring person, together with a statement in reasonable detail of the facts on which they are based, that:

                1.    The proposed control share acquisition, if consummated, will not be contrary to law; and

                2.    The acquiring person has the financial capacity, through financing to be provided by the acquiring person and any additional specified sources of financing required under § 3–705 of this subtitle, to make the proposed control share acquisition.

Frequently Asked Questions About Maryland § 3-703

What does Maryland Code § 3-703 cover?

Section 3-703 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maryland § 3-703?

A common citation format is "Maryland Code § 3-703" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maryland law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.

How does Maryland § 3-703 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.