Section 3-504 - Notice of proclamation; effect of compliance. - Maryland Statutes

§ 3-504. Notice of proclamation; effect of compliance.
 

(a)  Notice.- Within ten days after the issuance of the proclamation, the Department shall mail notice of the proclamation to each corporation named in it. The notice shall be addressed to the corporation at its mailing address on file with the Department or, if none, at any other address appearing on the records of the Department. 

(b)  Effect of payment of taxes or unemployment insurance payments and filing of report.- A corporation which pays all taxes, unemployment insurance contributions, reimbursement payments, interest, and penalties due, files the annual report due, or both, as the case may be, within 60 days after the issuance of the proclamation shall have its charter reinstated as of the date of forfeiture. 
 

[An. Code 1957, art. 81, § 204; 1975, ch. 311, § 2; 1986, ch. 593, § 1; 1991, ch. 8, § 3; ch. 164.]