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Session Laws, 1999
Volume 796, Page 2848   View pdf image
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TRUST'S ADDRESS AS IT APPEARS ON THE SECRETARY'S RECORDS, A NOTICE THAT
THE BUSINESS TRUST'S RIGHT TO DO BUSINESS IN THE STATE AND THE RIGHT TO
THE USE OF ITS NAME WILL BE FORFEITED UNLESS THE BUSINESS TRUST PAYS ALL
CONTRIBUTIONS, REIMBURSEMENT PAYMENTS, INTEREST, AND PENALTIES DUE.

(3) THE FAILURE OF A BUSINESS TRUST TO RECEIVE THE NOTICE
MAILED IN ACCORDANCE WITH PARAGRAPH (2) OF THIS SUBSECTION DOES NOT
AFFECT THE FORFEITURE OF THE BUSINESS TRUST'S RIGHT TO DO BUSINESS IN THE
STATE OR TO USE ITS NAME.

(C) AS SOON AS PRACTICABLE AFTER OCTOBER 1 OF EACH YEAR, THE
DEPARTMENT SHALL CERTIFY A LIST OF EVERY MARYLAND BUSINESS TRUST THAT
HAS NOT FILED AN ANNUAL REPORT WITH THE DEPARTMENT AS REQUIRED BY LAW
OR HAS NOT PAID A TAX THAT WAS DUE BEFORE OCTOBER 1 OF THE YEAR

(D) AFTER THE LISTS ARE CERTIFIED, THE DEPARTMENT SHALL ISSUE A
PROCLAMATION DECLARING. FOR EACH BUSINESS TRUST INCLUDED ON A LIST,
THAT THE RIGHT TO DO BUSINESS IN THE STATE AND TO USE THE NAME OF THE
BUSINESS TRUST IS FORFEITED AS OF THE DATE OF THE PROCLAMATION, WITHOUT
PROCEEDINGS OF ANY KIND AT LAW OR AT EQUITY.

12-802.

(A) (1) WITHIN 10 DAYS AFTER THE ISSUANCE OF A PROCLAMATION UNDER
§ 12-801(D) OF THIS SECTION SUBTITLE, THE DEPARTMENT SHALL MAIL NOTICE OF
THE PROCLAMATION TO EACH BUSINESS TRUST COMPANY NAMED IN THE
PROCLAMATION.

(2) THE NOTICE SHALL BE ADDRESSED TO THE BUSINESS TRUST AT THE
BUSINESS TRUST'S MAILING ADDRESS ON FILE WITH THE DEPARTMENT OR. IF NONE,
AT ANY OTHER ADDRESS FOR THE BUSINESS TRUST APPEARING ON THE RECORDS OF
THE DEPARTMENT.

(B) A BUSINESS TRUST THAT PAYS ALL TAXES, UNEMPLOYMENT INSURANCE
CONTRIBUTIONS, REIMBURSEMENT PAYMENTS, INTEREST, AND PENALTIES DUE
WITHIN 60 DAYS AFTER THE ISSUANCE OF THE PROCLAMATION SHALL HAVE ITS
RIGHT TO DO BUSINESS IN THE STATE AND TO USE ITS NAME REINSTATED IN
ACCORDANCE WITH § 12-805 OF THIS SUBTITLE RETROACTIVE TO THE DATE OF
FORFEITURE.

12-803.

(A) IF THE DEPARTMENT IS SATISFIED THAT A BUSINESS TRUST NAMED IN A
PROCLAMATION ISSUED UNDER § 12-802(D) OF THIS SUBTITLE HAS NOT FAILED TO
PAY THE TAXES, UNEMPLOYMENT INSURANCE CONTRIBUTIONS, OR
REIMBURSEMENT PAYMENTS, OR TO FILE THE REPORT WITHIN THE PERIOD
SPECIFIED IN § 12-801 OF THIS SUBTITLE, OR THAT THE BUSINESS TRUST HAS BEEN
MISTAKENLY REPORTED TO THE DEPARTMENT BY THE STATE COMPTROLLER OR
THE SECRETARY OF LABOR LICENSING, AND REGULATION, THE DEPARTMENT MAY
FILE IN ITS RECORDS A PROCLAMATION CORRECTING THE MISTAKE.

 

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Session Laws, 1999
Volume 796, Page 2848   View pdf image
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