HARRY HUGHES, Governor                                    2093

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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 593

(House Bill 1717)
AN ACT concerning

Forfeiture of Corporate Charters
FOR the purpose of transferring the power to forfeit corporate

charters from the Governor to the State Department of
Assessments and Taxation; changing the number and timing of

published notices relating to forfeited charters; repealing
the requirement that the Secretary of State send copies of
certain proclamations to the State Department of Assessments
and Taxation; renumbering certain sections; and generally
relating to the procedure for forfeiting corporate charters.

BY repealing and reenacting, with amendments,

Article - Corporations and Associations

Section 3-503, 3-504, and 3-506

Annotated Code of Maryland

(1985 Replacement Volume and 1985 Supplement)

BY repealing

Article - Corporations and Associations
Section 3-505

Annotated Code of Maryland

(1985 Replacement Volume and 1985 Supplement)

BY renumbering

Article - Corporations and Associations

Section 3-506 through 3-520, respectively

to be Section 3-505 through 3-519, respectively

Annotated Code of Maryland

(1985 Replacement Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That the Laws of Maryland read as follows:

Article - Corporations and Associations