Ch. 295

1995 LAWS OF MARYLAND

CHAPTER 295
(House Bill 871)

AN ACT concerning

Limited Liability Companies, Limited Liability Partnerships, and Limited
Partnerships - Forfeiture and Reinstatement

FOR the purpose of requiring the Department of Assessments and Taxation to forfeit the
right of. a limited liability company, limited liability partnership, or limited
partnership to do business in the State and to use a certain name if certain taxes,
payments, or contributions have not been' paid or a certain report is not filed;
requiring certain certifications by the Comptroller of the Treasury and the Secretary
of Economic and Employment Development; authorizing the Department of
Assessments and Taxation to reinstate the right of a limited liability company,
limited liability partnership, or limited partnership to do business in the State and
to use a certain name if certain conditions are met; providing that certain provisions
of this Act do not impair, supersede, repeal or otherwise affect certain contracts,
acts, remedies or provisions of law; authorizing the Department of Assessments and
Taxation to forfeit the right of a foreign limited liability company, limited liability
partnership, or limited partnership to do business in the State if certain reports are
not filed or certain penalties are not paid under certain conditions; repealing the
requirement that certain entities file periodic reports with the Department
regarding continuation of business; requiring certain entities to annually file with
the Department a personal property report; providing for the effective date of this
Act; and generally relating to the forfeiture and reinstatement of limited liability
companies, limited liability partnerships, and limited partnerships.

BY repealing and reenacting, with amendments,
Article - Corporations and Associations

Section 1-203(4), 4A-206(a), 4A-208, 9-803, 10-102, and 10-204(a)
Annotated Code of Maryland
(1993 Replacement Volume and 1994 Supplement)

BY adding to                                                                    .

Article - Corporations and Associations

Section 4A-913 through 4A-922, inclusive, to be under the amended subtitle
"Subtitle 9. Dissolution, Forfeiture, and Reinstatement"; 4A-1013; 9-806
through 9-815, inclusive; 9-912; 10-209 through 10-218, inclusive, to be under
the amended subtitle "Subtitle 2. Formation, Forfeiture, and Reinstatement";
and 10-913

Annotated Code of Maryland

(1993 Replacement Volume and 1994 Supplement)

BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 11-101

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