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§ 3-408. Effective date of voluntary dissolution

West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2022

West's Annotated Code of Maryland
Corporations and Associations
Title 3. Corporations in General--Extraordinary Actions (Refs & Annos)
Subtitle 4. Dissolution
Effective: October 1, 2022
MD Code, Corporations and Associations, § 3-408
§ 3-408. Effective date of voluntary dissolution
Currentness
In general
(a) Except as provided in subsection (b) of this section, the corporation is dissolved on the later of:
(1) The time the Department accepts the articles of dissolution for record; or
(2) The time established under the articles, not to exceed 30 days after the articles are accepted for record.
Winding up
(b) The corporation continues to exist for the purpose of paying, satisfying, and discharging any existing debts or obligations, collecting and distributing its assets, and doing all other acts required to liquidate and wind up its business and affairs.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 2022, c. 292, § 1, eff. Oct. 1, 2022; Acts 2022, c. 293, § 1, eff. Oct. 1, 2022.
Formerly Art. 23, § 76.
MD Code, Corporations and Associations, § 3-408, MD CORP & ASSNS § 3-408
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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