|
ALBERT C. RITCHIE, GOVERNOR. 451
sociation hereafter organized in this State shall be entitled to use
the term, "co-operative" as a part of its corporate or other
business name or title unless it has complied with the pro-
visions of this Act, except that any foreign corporation, or-
ganized under and complying with the co-operative law of
the State of such corporation's creation, shall be entitled to
use the term "co-operative" in this State provided that said
corporation has complied with the laws of this State appli-
cable to other foreign corporations in so far as those laws
are applicable to said corporation, and provided, further,
that said corporation is doing business upon a co-operative
basis, as defined in section 469 (b) of this act.
b. Every corporation of association in existence at the time
of the passage of this act which is affected by any provision
hereof, shall have until July 1st, 1923 to comply with such
provisions, and any such corporation or association, which is
required by any provision of this Act to file an amendment to
its articles of incorporation, shall have until said date to file
such an amendment.
d. Any person who violates sub-section (a) of this section
shall be punished by a fine not exceeding six months, or by both
such fine and imprisonment; and any corporation which violates
said sub-section shall have its right to do business in the State
revoked in a proceeding brought in the Circuit Court of the
county where its office is located or in the —— court of the
City of Baltimore if its office is located therein.
e. Any association organized under this Act which shall
violate any provision of said Act or of the General Corporation
Law applicable to such association shall have its right to do
business in this State revoked in a proceeding brought in the
circuit court of the county where its office is located or in the
—— court of the City of Baltimore if its office is located there-
in; and any foreign corporation admitted to do business in this
State upon the conditions specified in this section which shall
commit a breach of any such condition after its admission to
business in this State, shall have its license to do business in this
State revoked in a proceeding brought in the Circuit Court of
the county where its office is located or in the —— Court of
the City of Baltimore, if its office is located therein.
SEC. 2. And be it further enacted, That this Act shall take
effect July 1, 1922.
Approved April 13th, 1922.
|