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2297
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MARVIN MANDEL, Governor
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trial of the case and the judgment is limited to the
extent of existing insurance if a verdict is rendered
against the estate. These provisions permit claims
against the Unsatisfied Claim and Judgment Fund of the
state, if otherwise proper.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 465
(House Bill 677)
AN ACT concerning
Limited Partnerships — Name
FOR the purpose of providing that a limited partnership
is not prohibited from using the term "limited
partnership" as part of its name.
BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 1-404
Annotated Code of Maryland
(1975 Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 1-404 of Article - Corporations
and Associations, of the Annotated Code of Maryland (1975
Volume and 1976 Supplement) be and it is hereby repealed
and reenacted, with amendments, to read as follows:
Article — Corporations and Associations
1-404.
(A) IN GENERAL.
Any person who owns, operates, or directs an
unincorporated organization, firm, association, or other
entity which includes in its name the word "corporation,"
"incorporated," or , EXCEPT AS PROVIDED IN SUBSECTION (B)
OF THIS SECTION, "limited" or an abbreviation of any of
these words or which holds itself out to the public as a
corporation is guilty of a misdemeanor and on conviction
is subject to a fine not exceeding $500.
(B) EXCEPTION.
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