1516

LAWS OF MARYLAND

[Ch. 311

CORPORATION IS GUILTY OF A MISDEMEANOR AND ON CONVICTION
IS SUBJECT TO A FINE NOT EXCEEDING $500.

REVISOR'S NOTE: This section synthesises without
substantive change Art. 23, §§ 5(b) and 5(c).

The only changes are in style.

1-40 5.          FORFEITURE OF CHARTER, REVOCATION OF PERMIT OR

INJUNCTION AGAINST BUSINESS OTHER THAN CORPORATION FOR
ILLEGAL CONDUCT CONNECTED WITH ORGANIZED CRIME.

(A)         DEFINITION.

IN THIS SECTION, "ORGANIZED CRIME" MEANS ANY
COMBINATION OR CONSPIRACY:

(1)    TO ENGAGE IN CRIMINAL ACTIVITY AS A
SIGNIFICANT SOURCE OF INCOME OR LIVELIHOOD; OR

(2)     TO VIOLATE, AID, OR ABET THE VIOLATION
OF CRIMINAL LAWS RELATING TO PROSTITUTION, GAMBLING, LOAN
SHARKING, DRUG ABUSE, ILLEGAL DRUG DISTRIBUTION,
COUNTERFEITING, EXTORTION, OR CORRUPTION OF
LAW-ENFORCEMENT OFFICERS OR OTHER PUBLIC OFFICERS OR
EMPLOYEES.

(B)     PROCEEDING TO FORFEIT CHARTER OF MARYLAND
CORPORATION OR TO REVOKE PERMIT OF FOREIGN CORPORATION.

THE ATTORNEY GENERAL MAY INSTITUTE A CIVIL
PROCEEDING IN THE COURTS TO FORFEIT THE CHARTER OF ANY
MARYLAND CORPORATION AND TO REVOKE THE AUTHORITY OF ANY
FOREIGN CORPORATION TO DO BUSINESS IN THIS STATE, IF:

(1)(I) A CORPORATE OFFICER OR ANY PERSON
CONTROLLING THE MANAGEMENT OR OPERATION OF THE
CORPORATION, WITH THE KNOWLEDGE OF THE PRESIDENT AND A
MAJORITY OF THE BOARD OF DIRECTORS OR UNDER CIRCUMSTANCES
WHERE THE PRESIDENT AND A MAJORITY OF THE DIRECTORS
SHOULD HAVE KNOWLEDGE, IS A PERSON ENGAGED IN ORGANIZED
CRIME OR CONNECTED DIRECTLY OR INDIRECTLY WITH AN
ORGANIZATION OR CRIMINAL SOCIETY ENGAGED IN ORGANIZED
CRIME; OR

(II) A DIRECTOR, OFFICER, EMPLOYEE, AGENT, OR
STOCKHOLDER ACTING FOR, THROUGH, OR ON BEHALF OF A
CORPORATION IN CONDUCTING ITS AFFAIRS PURPOSELY ENGAGES
IN A PERSISTENT COURSE OF ORGANIZED CRIME OR OTHER
CRIMINAL CONDUCT WITH THE KNOWLEDGE OF THE PRESIDENT AND
A MAJORITY OF THE BOARD OF DIRECTORS OR UNDER
CIRCUMSTANCES WHERE THE PRESIDENT AND A MAJORITY OF THE
DIRECTORS SHOULD HAVE KNOWLEDGE, WITH THE INTENT TO
COMPEL OR INDUCE ANY PERSON TO DEAL WITH THE CORPORATION