Section 10-203 - Cancellation of certificate. - Maryland Statutes

§ 10-203. Cancellation of certificate.
 

(a)  Certificate of cancellation.- A certificate shall be canceled on the dissolution and the completion of winding up of the partnership, or at any other time that there are no limited partners. A certificate need not be canceled upon a merger as provided in § 10-208 of this subtitle. A certificate shall be canceled upon filing a certificate of cancellation with the Department which shall set forth: 

(1) The name of the limited partnership; 

(2) The date of filing of the initial certificate and each amendment thereto; 

(3) The reason for filing the certificate of cancellation; 

(4) The effective date (which shall be a date certain) of cancellation if it is not to be effective on the filing of the certificate of cancellation, and provided that any effective date other than the date of filing the certificate of cancellation must be a date subsequent to the filing; and 

(5) Any other information the person filing the certificate of cancellation determines. 

(b)  Effectiveness of certificate.- Unless otherwise provided in this title or in the certificate, a certificate of cancellation (or a judicial decree of cancellation) is effective when accepted for filing by the Department. 
 

[1981, ch. 801, § 2; 1988, ch. 550; 2007, ch. 5, § 7.]