Maryland Statutes
§ 3-415
Maryland § 3-415
This text of Maryland § 3-415 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Corporations and Associations § 3-415 (2026).
Text
(a)In a proceeding for involuntary dissolution brought under § 3-413(c) of this subtitle on grounds of insolvency, the court may declare the corporation dissolved if the corporation is proved or has been determined by judicial proceedings to be unable to meet its debts as they mature in the usual course of its business.
(b)If the court orders the corporation dissolved, the court shall direct that the corporation be liquidated under court supervision by one or more receivers appointed by it.
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Bluebook (online)
Maryland § 3-415, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gca/3-415.