Md. Code Ann., Corps. & Ass'ns § 3-408
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2023
As of January 1, 2019
(a) Except as provided in subsection (b) of this section, the corporation is dissolved when the Department accepts its articles of dissolution for record.
(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.
(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.
(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.
Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.