Maryland § 7-305
Full text of Maryland Maryland Code § 7-305, with citation guidance and answers to common questions.
§ 7-305.
(a) At the time a person files the statement required by § 7-304 of this subtitle, the person shall:
(1) file with the Commissioner:
(i) all invitations for tenders or advertisements making a tender offer or inviting tenders of voting securities of the domestic insurer or insurance holding company controlling the domestic insurer made by or for the person; and
(ii) any agreement to:
1. exchange or otherwise acquire securities of the domestic insurer or insurance holding company controlling the domestic insurer; or
2. merge with or otherwise acquire control of the domestic insurer or insurance holding company controlling the domestic insurer; and
(2) send to the domestic insurer or insurance holding company controlling the domestic insurer:
(i) copies of the documents specified in item (1) of this subsection; and
(ii) any information contained in the statement filed under § 7-304 of this subtitle that the Commissioner requires by regulation.
(b) (1) By regulation, the Commissioner may set requirements that the Commissioner considers necessary or appropriate in the public interest or for the protection of policyholders for the contents of:
(i) additional materials inviting tender offers after the initial invitations; and
(ii) amendments to agreements described in subsection (a)(1)(ii) of this section.
(2) The additional materials and amendments shall contain the information that the Commissioner requires.
(3) The person required to file a statement under § 7-304 of this subtitle shall file with the Commissioner the additional materials and amendments required by paragraph (1) of this subsection and send copies to the domestic insurer or insurance holding company controlling the domestic insurer no later than the date that:
(i) copies of the material are first published or sent or given to security holders; or
(ii) the amendment is entered into.
Frequently Asked Questions About Maryland § 7-305
What does Maryland Code § 7-305 cover?
Section 7-305 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 § 7-305?
A common citation format is "Maryland Code § 7-305" (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 § 7-305 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.