MARVIN MANDEL, Governor

1657

(2)   THE DATE TO WHICH THE EXISTENCE OF THE
CORPORATION IS TO BE EXTENDED, OR A STATEMENT THAT THE
EXISTENCE OF THE CORPORATION IS TO BE PERPETUAL;

(3)   A STATEMENT THAT THE REINSTATEMENT AND
EXTENSION HAVE BEEN APPROVED IN THE MANNER AND BY THE
VOTE REQUIRED BY THIS ARTICLE AND THE CORPORATION'S
CHARTER, AND A STATEMENT OF THE MANNER OF APPROVAL; AND

(4)   A STATEMENT THAT THE CORPORATION HAS BEEN
IN CONTINUOUS OPERATION SINCE BEFORE THE DATE OF
EXPIRATION.

(B) EXECUTION OF ARTICLES.

ARTICLES OF EXTENSION SHALL BE EXECUTED IN THE
MANNER REQUIRED BY TITLE 1 OF THIS ARTICLE.

REVISOR'S NOTE: This section presently appears as
Art. 2 3, §16.

The word "reinstatement" has been substituted
for "revival" for the reasons set forth in
revisor's note to §3—501.

Subsection (a) (3) of this section, is
redrafted to avoid repeating the procedure for
authorization. That procedure appears in
§3—501. The present provision referring to
approval of the articles by the entire board
is deleted as obsolete, since the statute
which permitted this procedure was repealed in
1967.

The detailed provisions governing the
execution of the articles are deleted as
unnecessary since they now are covered in
Title 1 of this article.

The only other changes are in style.

3-503. FORFEITURE OF CHARTER FOR NONPAYMENT OF TAXES OR
FAILURE TO FILE REPORT.

(A) DUTY OF COMPTROLLER.

(1) EXCEPT WITH RESPECT TO A TAX COLLECTABLE
LOCALLY, IMMEDIATELY AFTER SEPTEMBER 30 OF EACH YEAR, THE
STATE COMPTROLLER SHALL CERTIFY TO THE GOVERNOR A LIST OF
EVERY MARYLAND CORPORATION WHICH HAS NOT PAID A TAX DUE
BY IT BEFORE OCTOBER 1 OF THE YEAR AFTER THE TAX BECAME
DUE.

(2) WHEN HE CERTIFIES THE LIST TO THE