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Statutes > Maryland Statutes > CORPORATIONS AND ASSOCIATIONS > TITLE 3 - CORPORATIONS IN GENERAL - EXTRAORDINARY ACTIONS > Subtitle 5 - Extension, Forfeiture, and Revival of Charter

Subtitle 5 - Extension, Forfeiture, and Revival of Charter

  • Section 3-501 - Power to reinstate expired charter and extend corporate existence.
  • Section 3-502 - Contents and execution of articles of extension.
  • Section 3-503 - Forfeiture of charter for nonpayment of taxes or failure to file report.
  • Section 3-504 - Notice of proclamation; effect of compliance.
  • Section 3-505 - Correction of mistakes.
  • Section 3-506 - Other remedies not affected.
  • Section 3-507 - Procedure for revival of forfeited charter.
  • Section 3-508 - Contents of articles of revival.
  • Section 3-509 - Conditions on acceptance of articles of revival.
  • Section 3-510 - Evidentiary effect of acceptance of articles of revival.
  • Section 3-511 - Meeting of stockholders after revival.
  • Section 3-512 - Effect of extension or revival.
  • Section 3-513 - Forfeiture of charter for misuse of powers.
  • Section 3-514 - Prohibition against doing business after forfeiture.
  • Section 3-515 - Powers of directors on forfeiture.
  • Section 3-516 - Appointment of receiver on forfeiture.
  • Section 3-517 - Distributions to stockholders on forfeiture - When number of outstanding shares known.
  • Section 3-518 - Distributions to stockholders on forfeiture - When number of outstanding shares unknown.
  • Section 3-519 - Conditions on expiration of corporate existence.
  • Section 3-520 - [Redesignated].




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