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§ 9A-1111. Forfeiture of right to do business

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 9a. Revised Uniform Partnership Act (Refs & Annos)
Subtitle 11. Foreign Limited Liability Partnerships
MD Code, Corporations and Associations, § 9A-1111
§ 9A-1111. Forfeiture of right to do business
Currentness
Failure to file report or pay fees
(a) The Department may forfeit the right of any foreign limited liability partnership to do business as a foreign limited liability partnership in this State if the foreign limited liability 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.
When forfeiture effective
(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.
Demand for report or fees
(c) The demand for a delinquent report or late filing penalties and the notice of forfeiture shall be addressed to the foreign limited liability partnership:
(1) At its address on file with the Department; or
(2) If it has no address on file with the Department, in care of the Secretary of State, or corresponding official of the place where it was organized or is existing, if known to the Department.
Applicable rules and provisions
(d) On forfeiture of its right to do business in this State, the foreign limited liability partnership is subject to the same rules, legal provisions, and sanctions as if it had never qualified or been licensed to do business in this State as a foreign limited liability partnership.

Credits

Added as Corporations and Associations § 9-1111 by Acts 1997, c. 654, § 2, eff. July 1, 1998. Renumbered as Corporations and Associations § 9A-1111 by Acts 1998, c. 743, § 1, eff. June 1, 1998. Amended by Acts 2000, c. 61, § 1, eff. April 25, 2000.
MD Code, Corporations and Associations, § 9A-1111, MD CORP & ASSNS § 9A-1111
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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