Section 3-505 - Correction of mistakes. - Maryland Statutes

§ 3-505. Correction of mistakes.
 

(a)  Proclamation.- If the Department is satisfied that a corporation named in the proclamation has not failed to pay the tax, unemployment insurance contributions, or reimbursement payments, or file the report within the period specified in § 3-503 of this subtitle, or that it has been mistakenly reported to the Department by the State Comptroller or the Secretary of Labor, Licensing, and Regulation, the Department may correct the mistake by filing its proclamation to that effect in its records. 

(b)  Effect of proclamation.- The effect of a proclamation correcting a mistake is to restore the charter of the corporation as if the charter had at all times remained in full force and effect. 
 

[An. Code 1957, art. 81, § 204; 1975, ch. 311, § 2; 1982, ch. 47; 1986, ch. 593, §§ 1, 2; 1991, ch. 8, § 3; 1995, ch. 120, § 19; 1997, ch. 14, § 1.]