Extension, Forfeiture, Andrevival of Charter

  1. Law
  2. Maryland Code
  3. Corporations and Associations
  4. Corporations in General -- Extraordinary Actions
  5. Extension, Forfeiture, Andrevival of Charter

Checkout our iOS App for a better way to browser and research.

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
3-512

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