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FIRST AMERICAN BANK v. SHIVERS

No. 1903, September Term, 1992.

97 Md. App. 405 (1993)

629 A.2d 1334

FIRST AMERICAN BANK OF MARYLAND v. RUFUS W. SHIVERS.

Court of Special Appeals of Maryland.

September 3, 1993.

Attorney(s) appearing for the Case

J. Mark Coulson (Mark D. Gately, David M. Feitel and Miles & Stockbridge, on the brief), Baltimore, for appellant.

Edgar T. Bellinger (Yvonne Ramos Neitz and Zuckert, Scoutt & Rasenberger, on the brief), Washington, DC, for appellee.

Argued before MOYLAN and HARRELL, JJ., and ROSALYN B. BELL, Judge (Retired), Specially Assigned.

HARRELL, Judge.

This appeal presents a statutory interpretation question of first impression in Maryland: In what manner must a bank provide notice of the effective date of its merger with another bank to a shareholder who has objected to that merger, so that the shareholder may timely exercise his statutory right to receive the fair market value of his shares?

I

The Financial Institutions Article of the Annotated Code of Maryland contains specific...

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