1666

LAWS OF MARYLAND

[Ch. 311

The present provision relating to the conduct
of judicial proceedings is deleted because it
is thoroughly covered in the Maryland Rules;
see Md.R.1.

The venue provision is deleted as unnecessary
in light of CJ §6—201, which is somewhat
broader.

See Title 1 for provisions relating to the
forfeiture of a charter or injunction against
doing business in the case of a corporate or
noncorporate business which has connections
with organized crime.

For the definition of the term "assets," see
§1-101.

The only other changes are in style.

3-515. PROHIBITION AGAINST DOING BUSINESS AFTER
FORFEITURE.

(A)   PROHIBITION.

ANY PERSON WHO TRANSACTS BUSINESS IN THE NAME OR FOR
THE ACCOUNT OF A CORPORATION KNOWING THAT ITS CHARTER HAS
BEEN FORFEITED AND HAS NOT BEEN REVIVED IS GUILTY OF A
MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE OF NOT
MORE THAN $500.

(B)   PRESUMPTION.

FOR THE PURPOSE OF THIS SECTION, UNLESS THERE IS
CLEAR EVIDENCE TO THE CONTRARY, A PERSON WHO WAS AN
OFFICER OR DIRECTOR OF A CORPORATION AT THE TIME ITS
CHARTER WAS FORFEITED IS PRESUMED TO KNOW OF THE
FORFEITURE.

(C)   LIMITATION.

A PROSECUTION FOR VIOLATION OF THE PROVISIONS OF
THIS SECTION MAY NOT BE INSTITUTED AFTER THE DATE
ARTICLES OF REVIVAL OF THE CORPORATION ARE FILED.

REVISOR'S NOTE: This section presently appears as
Art. 23, §86.

The only other changes are in style.

TITLE 4. CLOSE CORPORATIONS.

SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS.