Md. Code, Corporations and Associations § 3-514
This is the official text of Md. Code, Corporations and Associations § 3-514, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§3–514.
Official statutory text
(a) Any person who transacts business in the name or for the account of a corporation knowing that its charter has been forfeited and has not been revived is guilty of a misdemeanor and on conviction is subject to a fine of not more than $500.
(b) For the purpose of this section, unless there is clear evidence to the contrary, a person who was an officer or director of a corporation at the time its charter was forfeited is presumed to know of the forfeiture.
(c) A prosecution for violation of the provisions of this section may not be instituted after the date articles of revival of the corporation are filed.
(b) For the purpose of this section, unless there is clear evidence to the contrary, a person who was an officer or director of a corporation at the time its charter was forfeited is presumed to know of the forfeiture.
(c) A prosecution for violation of the provisions of this section may not be instituted after the date articles of revival of the corporation are filed.
Status: in_force · Read it on the official government site
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