§ 12-802

Maryland § 12-802

• Jurisdiction: Maryland
• Article gca: Corporations and Associations
• Title: 12

Text

(a) (1) Within 10 days after the issuance of a proclamation under § 12–801(d) of this subtitle, the Department shall mail notice of the proclamation to each statutory trust named in the proclamation.

(2) The notice shall be addressed to the statutory trust at the statutory trust’s mailing address on file with the Department or, if none, at any other address for the statutory trust appearing on the records of the Department.

(b) A statutory 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.