REAL ESTATE, AND ALL INTEREST AND PENALTIES DUE BY THE BUSINESS TRUST, OR
WHICH WOULD HAVE BECOME DUE IF THE RIGHT TO DO BUSINESS HAD NOT BEEN
FORFEITED, ARE PAID, WHETHER OR NOT BARRED BY LIMITATIONS.

12-808.

EXCEPT IN A PROCEEDING BY THE STATE OR ANY OF ITS POLITICAL
SUBDIVISIONS. THE ACCEPTANCE OF A CERTIFICATE 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 OF THE BUSINESS TRUST TO DO
BUSINESS IN THE STATE.

12-809.

(A) ANY PERSON THAT TRANSACTS BUSINESS IN THE NAME OF, OR FOR THE
ACCOUNT OF, A BUSINESS TRUST KNOWING THAT THE BUSINESS TRUST'S RIGHT TO
DO BUSINESS IN THE STATE HAS BEEN FORFEITED AND HAS NOT BEEN REINSTATED
AT THE TIME THE BUSINESS WAS TRANSACTED IS GUILTY OF A MISDEMEANOR AND
ON CONVICTION IS SUBJECT TO A FINE OF NOT MORE THAN $500.

(B) A PROSECUTION FOR A VIOLATION OF SUBSECTION (A) OF THIS SECTION,
CONCERNING ACTS ALLEGED TO HAVE OCCURRED WHILE THE RIGHT OF A BUSINESS
TRUST TO DO BUSINESS IN THE STATE WAS FORFEITED, MAY NOT BE INSTITUTED
AFTER THE DATE THAT A CERTIFICATE OF REINSTATEMENT OF THE BUSINESS
TRUST IS FILED.

12-810.

THE FORFEITURE OF THE RIGHT TO DO BUSINESS IN THE STATE AND THE
RIGHT TO THE USE OF THE NAME OF THE BUSINESS TRUST UNDER THIS TITLE DOES
NOT:

(1) IMPAIR THE VALIDITY OF A CONTRACT ENTERED INTO BY THE
BUSINESS TRUST OR ANY ACT OF THE BUSINESS TRUST BEFORE OR AFTER THE
FORFEITURE; OR

(2) PREVENT THE BUSINESS TRUST FROM DEFENDING ANY ACTION,
SUIT, OR PROCEEDING IN A COURT OF THE STATE.

Article - Tax - Property

11-101.

(a) On or before April 15 of each year, a person shall submit a report on
personal property to the Department if:

(1) the person is a BUSINESS TRUST, domestic corporation, limited
liability company, limited liability partnership, or limited partnership;