§ 3-501 Power to reinstate expired charter and extend corporate existence
§ 3-502 Contents and execution of articles of extension
§ 3-503 Forfeiture of charter for nonpayment of taxes or failure to file report
§ 3-504 Notice of proclamation; effect of compliance
§ 3-505 Correction of mistakes
§ 3-506 Other remedies not affected
§ 3-507 Procedure for revival of forfeited charter
§ 3-508 Contents of articles of revival
§ 3-509 Conditions on acceptance of articles of revival
§ 3-510 Evidentiary effect of acceptance of articles of revival
§ 3-512 Effect of extension or revival
§ 3-513 Forfeiture of charter for misuse of powers
§ 3-514 Prohibition against doing business after forfeiture
§ 3-515 Powers of directors on forfeiture
§ 3-516 Appointment of receiver on forfeiture
§ 3-517 Distributions to stockholders on forfeiture – When number of outstanding shares known
§ 3-518 Distributions to stockholders on forfeiture – When number of outstanding shares unknown
§ 3-519 Conditions on expiration of corporate existence

Terms Used In Maryland Code > CORPORATIONS AND ASSOCIATIONS > Title 3 > Subtitle 5 - Extension, Forfeiture, Andrevival of Charter

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: means a county of the State or Baltimore City. See
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • Quorum: The number of legislators that must be present to do business.
  • Trustee: A person or institution holding and administering property in trust.
  • Variable Rate: Having a "variable" rate means that the APR changes from time to time based on fluctuations in an external rate, normally the Prime Rate. This external rate is known as the "index." If the index changes, the variable rate normally changes. Also see Fixed Rate.