334 LAWS OF MARYLAND [CH. 135

given by mail, postage prepaid, addressed to each stockholder
at his post office address as it appears on the records of the
corporation and by publication at least three times in a news-
paper of general circulation published in the county in which
is located the principal office of the corporation in this State.
The date of such notice shall be deemed to be the date of the
mailing thereof or the date of first publication, whichever is
later.

(b) At any time after the expiration of the time specified
in the notice, the trustees or receivers may distribute to each
stockholder who has proved his interest, his pro rata share
of the assets, reserving the shares of those who have not made
such proof. Thereafter the trustees or receivers may incur
reasonable expenses in endeavoring to locate the remaining
stockholders and secure proof of interests from them and may
charge such expenses against the funds undistributed at the
time when said expenses are incurred, and may, from time to
time, make distribution pro rata to any stockholders who
have proved their interests since the last distribution.

(c) Not less than three years after the date of the original
notice, the trustees or receivers may distribute all surplus
assets remaining under their control to and among those
stockholders of the class or classes entitled to distribution,
who have proved their interests prior to such final distribu-
tion. After such final distribution, the interests of stock-
holders who have failed to prove their interests shall be for-
ever barred and foreclosed. Any assets remaining unclaimed
sixty days after such final distribution, through failure or
inability of the United States postal authorities to make de-
livery of distribution checks or otherwise, shall escheat to
the State of Maryland; and the trustees or receivers shall,
upon payment or delivery of such unclaimed assets to the
Treasury of the State of Maryland, be released and discharged
from all further liability in respect thereof.

FORFEITURE AND REVIVAL

80. (Forfeiture of Charter. ) (a) At any time, or from time
to time, the Commission may authorize the Attorney General
to institute proceedings against any corporation of this State
to determine whether or not the corporation has been guilty
of such misuse, abuse or non-use of its powers and franchises
as would, in the public interest, make proper the forfeiture
of its charter.

(b) Upon such authorization by the Commission, the At-
torney General shall, if he deems the facts warrant such ac-
tion, institute proceedings in the name of the State against