§ 3-401 General rule
§ 3-402 Approval of voluntary dissolution – No stock outstanding or subscribed for
§ 3-403 Approval of voluntary dissolution – Stock outstanding or subscribed for
§ 3-404 Notice to creditors and employees of voluntary dissolution
§ 3-405 Abandonment or rescission of voluntary dissolution
§ 3-406 Articles of dissolution
§ 3-407 Filing articles with Department; payment of taxes
§ 3-408 Time voluntary dissolution effective
§ 3-410 Powers of directors in voluntary dissolution
§ 3-411 Appointment of receiver in voluntary dissolution
§ 3-412 Distributions to stockholders in voluntary dissolution
§ 3-413 Grounds for petition by stockholders or creditors for involuntary dissolution
§ 3-414 Appointment of receiver in involuntary dissolution – In general
§ 3-415 Appointment of receiver in involuntary dissolution – Insolvency
§ 3-416 Appointment of officer, director, or stockholder as receiver
§ 3-417 Certification of involuntary dissolution to Department; notice to tax collectors
§ 3-418 Powers of receiver in voluntary and involuntary dissolution
§ 3-419 Liability of stockholders, officers, and directors in voluntary or involuntary dissolution

Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 3 > Subtitle 4 - Dissolution

  • Administrator: includes an executor and a personal representative. See
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • certified mail: includes "registered mail"; and

    (3) "registered mail" includes "certified mail". See
  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.