92                                Laws of Maryland                       [Ch. 101

taxation to the local tax collector. The local collector without delay
shall bill the corporation for personal property taxes at the current
tax rate. Whenever taxes paid at the current rate hereunder for
purposes of dissolution are later found to be an undercharge or an
overcharge, based on the ensuing year's rate as fixed pursuant to
Section 32 of this article, the taxpayer shall be billed for the under-
charge or shall be entitled to a refund of the overcharge, as the case
may be, on application made to the Collector within one year from
the date of the fixing of the ensuing year's rate.

Sec. 2. And be it further enacted, That Section 77 (c) of Article
23 of said Code (1957 Edition), title "Corporations", sub-title "Dis-
solution," be and it is hereby repealed and re-enacted, with amend-
ments, to read as follows:

77.

(c) Requirement as to payment of taxes.—The Commission DE-
PARTMENT shall not receive for record articles of dissolution of
any corporation of this State unless, (1) all taxes due and payable
by the corporation to the Commission DEPARTMENT including
taxes billed at the current tax rate pursuant to Section 49A of
Article 81 have been paid, except taxes barred by Section 212 of
Article 81 or otherwise, and (2) such articles of dissolution are
accompanied by certificates of the Comptroller of the treasury and
every collector of taxes in the list supplied by the Commission DE-
PARTMENT as hereinafter provided, stating in effect that all taxes
levied on assessments made by the Commission DEPARTMENT and
billed by and payable to such collecting authorities by the corpora-
tion have been paid, except taxes barred by Section 212 of Article
81 or otherwise, but including taxes billed for the year in which the
dissolution is to be effected [; provided that, if a certificate is not
obtainable, the articles of dissolution shall be accompanied by an
affidavit of the president, a vice-president or the treasurer of the
corporation setting forth such fact and a reason beyond the control
of the corporation why such certificate is not obtainable]. No collector
of taxes shall certify as to payment of taxes until certified assessments
of personal property following the next preceding date of finality
have been received from the Commission DEPARTMENT and per-
sonal property taxes have been billed at the current year's rate pur-
suant to Section 49A of Article 81. Upon written request of the corpo-
ration, the Commission DEPARTMENT shall furnish the corpora-
tion, without charge, a list of all collectors of taxes of counties and
municipalities to which the Commission DEPARTMENT has within
a period of four years certified any assessment of personal property
taxable to the corporation.

Sec. 3. And be it further enacted, That this Act shall take effect
June 1, 1961.

Approved February 27, 1961.