Ch. 680                                          LAWS OF MARYLAND

(4) UPON THE EXPIRATION OF THE ORDER SEALING THE
AFFIDAVIT, AND ANY EXTENSIONS THEREOF, THE AFFIDAVIT SHALL BE:

(I)  UNSEALED; AND

(II)  DELIVERED WITHIN 15 DAYS TO:

1.  THE PERSON FROM WHOM THE PROPERTY WAS
TAKEN; OR

2.  IF THAT PERSON IS NOT PRESENT ON THE
PREMISES AT THE TIME OF DELIVERY, THE PERSON APPARENTLY IN CHARGE
OF THE PREMISES FROM WHICH THE PROPERTY WAS TAKEN.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988. It shall remain effective for a period
of two years and, at the end of June 30, 1990, and with no
further action required by the General Assembly, this Act shall
be abrogated and of no further force and effect.

Approved May 27, 1988.

CHAPTER 680

(House Bill 761)

AN ACT concerning

Corporations - Dissolution - Notice to Employees

FOR the purpose of amending the law that requires the known
creditors of a corporation be notified of the voluntary

dissolution of the corporation so as to include the

corporation's employees and their bargaining agents, if any,
within the meaning of the term "known creditors". FOR the
purpose of requiring a corporation to notify its employees
in a certain manner at least a certain period of time before
the filing of articles of dissolution with the State
Department of Assessments and Taxation.

BY repealing and reenacting, with amendments,

Article - Corporations and Associations

Section 3-404

Annotated Code of Maryland

(1985 Replacement Volume and 1987 Supplement)

- 4560 -