PARRIS N. GLENDENING, Governor

Ch. 295

(2) UNEMPLOYMENT            INSURANCE            CONTRIBUTIONS            OR

REIMBURSEMENT PAYMENTS, ALL STATE AND LOCAL TAXES, EXCEPT TAXES ON
REAL ESTATE, AND ALL INTEREST AND PENALTIES DUE BY THE LIMITED LIABILITY
COMPANY OR WHICH WOULD HAVE BECOME DUE IF THE RIGHT TO DO BUSINESS
HAD NOT BEEN FORFEITED ARE PAID, WHETHER OR NOT BARRED BY LIMITATIONS.

4A-920.

EXCEPT IN A PROCEEDING BY THE STATE OR ANY OF ITS POLITICAL
SUBDIVISIONS, THE ACCEPTANCE OF ARTICLES OF REINSTATEMENT FOR RECORD
BY THE DEPARTMENT IS CONCLUSIVE EVIDENCE OF:

(1)      THE PAYMENT OF ALL FEES, TAXES, UNEMPLOYMENT INSURANCE
CONTRIBUTIONS, AND REIMBURSEMENT PAYMENTS REQUIRED TO BE PAID;

(2)      THE FILING OF ALL REPORTS REQUIRED TO BE FILED; AND

(3)      THE REINSTATEMENT OF THE RIGHT TO DO BUSINESS IN
MARYLAND OF THE LIMITED LIABILITY COMPANY.

4A-921.

(A)     ANY PERSON THAT TRANSACTS BUSINESS IN THE NAME OR FOR THE
ACCOUNT OF A LIMITED LIABILITY COMPANY KNOWING THAT ITS RIGHT TO DO
BUSINESS IN MARYLAND HAS BEEN FORFEITED AND HAS NOT BEEN REINSTATED IS
GUILTY OF A MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE OF NOT
MORE THAN $500.

(B)     A PROSECUTION FOR VIOLATION OF THE PROVISIONS OF THIS SECTION
MAY NOT BE INSTITUTED AFTER THE DATE ARTICLES OF REINSTATEMENT OF THE
LIMITED LIABILITY COMPANY ARE FILED.

4A-922.

THE FORFEITURE OF THE RIGHT TO DO BUSINESS IN MARYLAND AND THE
RIGHT TO THE USE OF THE NAME OF THE LIMITED LIABILITY COMPANY UNDER
THIS TITLE DOES NOT IMPAIR THE VALIDITY OF A CONTRACT OR ACT OF THE
LIMITED LIABILITY COMPANY ENTERED INTO OR DONE EITHER BEFORE OR AFTER
THE FORFEITURE, OR PREVENT THE LIMITED LIABILITY COMPANY FROM
DEFENDING ANY ACTION, SUIT, OR PROCEEDING IN A COURT OF THIS STATE.

4A-1013.

(A) THE DEPARTMENT MAY FORFEIT THE RIGHT OF ANY FOREIGN LIMITED
LIABILITY COMPANY TO DO BUSINESS IN THIS STATE IF THE LIMITED LIABILITY
COMPANY FAILS TO FILE WITH THE DEPARTMENT ANY REPORT OR FAILS TO PAY
ANY LATE FILING PENALTIES REQUIRED BY LAW:

(1)      WITHIN THE TIME REQUIRED BY LAW; AND

(2)      THEREAFTER, WITHIN 30 DAYS AFTER THE DEPARTMENT MAKES A
WRITTEN DEMAND FOR THE DELINQUENT REPORT OR LATE FILING PENALTIES.

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