PARRIS N. GLENDENING, Governor                             Ch. 295

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

10-217.

(A)    ANY PERSON THAT TRANSACTS BUSINESS IN THE NAME OR FOR THE
ACCOUNT OF A LIMITED PARTNERSHIP 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 THE CERTIFICATE OF REINSTATEMENT
OF THE LIMITED PARTNERSHIP IS FILED.

10-218.

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

10-913.

(A)    THE DEPARTMENT MAY FORFEIT THE RIGHT OF ANY FOREIGN LIMITED
PARTNERSHIP TO DO BUSINESS IN THIS STATE IF THE LIMITED PARTNERSHIP 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.

(B)     UNLESS THE DEPARTMENT EXCUSES A REASONABLE DELAY FOR GOOD
CAUSE SHOWN, THE FORFEITURE IS EFFECTIVE 15 DAYS AFTER WRITTEN NOTICE OF
FORFEITURE FROM THE DEPARTMENT, WITHOUT PROCEEDINGS OF ANY KIND
EITHER AT LAW OR IN EQUITY.

(C)     THE DEMAND FOR A DELINQUENT REPORT OR LATE FILING PENALTIES
AND THE NOTICE OF FORFEITURE SHALL BE ADDRESSED TO THE LIMITED
PARTNERSHIP:

(1)     AT ITS ADDRESS ON FILE WITH THE DEPARTMENT; OR

(2)     IF IT HAS NO ADDRESS ON FILE WITH THE DEPARTMENT, IN THE
CARE OF THE SECRETARY OF STATE, OR CORRESPONDING OFFICIAL OF THE PLACE
WHERE IT WAS ORGANIZED OR IS EXISTING, IF KNOWN TO THE DEPARTMENT.

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