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Session Laws, 1967
Volume 681, Page 1329   View pdf image (33K)
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SPIRO T. AGNEW, Governor

(c) No corporation of this State shall be dissolved by decree of
any court of this State, unless counsel of record has filed in such court
a certificate that, twenty days or more before the entry of such
decree, notice that entry of such decree would be requested was
mailed by registered mail to the Comptroller of the Treasury, the
[Commission] Department and the collector of taxes of every county
and municipality to which the [Commission] Department had
certified any assessment of personal property taxable to such cor-
poration for any years for which the collection of taxes thereon was
not barred by Section 212 of Article 81 or otherwise, as shown by a
list of such collectors signed and dated by the [Commission] Depart-
ment
not more than ninety days before the entry of such decree, and
appended to such certificate of counsel. The [Commission] Depart-
ment
shall furnish such a list to such counsel, without charge, on
receipt by the [Commission] Department of notice from such coun-
sel that the entry of such decree will be requested.

Sec. 11 And be it further enacted, That Sections 84(a), 84(b),
85(a) (1), 85(a) (3), and 85(c) of Article 23 of the Annotated Code of
Maryland (1957 Edition), title "Corporations," subheading "I. Stock
Corporations," subtitle "Forfeiture and Revival," be and the same
are hereby repealed and re-enacted with amendments, to read as
follows:

84.    Forfeiture of Charter.

(a)    At any time, or from time to time, the [Commission]
Department may authorize the Attorney General to institute pro-
ceedings 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] Depart-
ment,
the Attorney General shall, if he deems the facts warrant
such action, institute proceedings in the name of the State against
the corporation by filing a petition for forfeiture of the charter and
dissolution of the corporation in any court of equity in the county in
which is located the principal office of the corporation in this State.
The petition shall set forth the facts upon which the forfeiture of the
charter and dissolution of the corporation is sought.

85.    Revival of Charter.

(a) The charter of any corporation of this State, heretofore or
hereafter forfeited for the non-payment of taxes or for failure to file
an annual report with the [Commission] Department may, at any
time, be revived in the following manner:

(1) The last acting president or vice-president and secretary or
treasurer of the corporation shall sign and acknowledge and deliver
to the [Commission] Department articles of revival in which shall
be stated:

(i) The name of the corporation at the time of the forfeiture of
its charter.

(ii) The name by which the corporation will thereafter be
known, which name shall be such as could be used by a corporation of

 

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Session Laws, 1967
Volume 681, Page 1329   View pdf image (33K)
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