Section 2-301 - Distribution(a)(1) In this subtitle, "distribution" means:(i) A direct or indirect transfer of money or other property of the corporation in respect of any of its shares; or(ii) An incurrence or forgiveness of indebtedness by a corporation to or for the benefit of the corporation's stockholders in respect of any of its shares.(2) "Distribution" does not include a stock dividend or stock split authorized in accordance with § 2-309(c) of this subtitle.(b) A distribution may be in the form of:(1) A declaration or payment of a dividend;(2) A purchase, redemption, whether or not at the option of the corporation or the stockholders, or other acquisition of shares; or(3) An issuance of evidence of indebtedness.