Md. Code, Corporations and Associations § 3-408
This is the official text of Md. Code, Corporations and Associations § 3-408, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§3–408.
Official statutory text
(a) Except as provided in subsection (b) of this section, the corporation is dissolved on the later of:
(1) The time the Department accepts the articles of dissolution for record; or
(2) The time established under the articles, not to exceed 30 days after the articles are accepted for record.
(b) The corporation continues to exist for the purpose of paying, satisfying, and discharging any existing debts or obligations, collecting and distributing its assets, and doing all other acts required to liquidate and wind up its business and affairs.
(1) The time the Department accepts the articles of dissolution for record; or
(2) The time established under the articles, not to exceed 30 days after the articles are accepted for record.
(b) The corporation continues to exist for the purpose of paying, satisfying, and discharging any existing debts or obligations, collecting and distributing its assets, and doing all other acts required to liquidate and wind up its business and affairs.
Status: in_force · Read it on the official government site
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