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2019 Maryland Code
Corporations and Associations
Title 12 - Statutory Trusts
Subtitle 8 - Forfeiture.
§ 12-810. Survivability of contracts and legal defenses
Universal Citation:
MD Corp & Assn Code § 12-810 (2019)
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The forfeiture of the right to do business in the State and the right to the use of the name of the statutory trust under this title does not:
(1) Impair the validity of a contract entered into by the statutory trust or any act of the statutory trust before or after the forfeiture; or
(2) Prevent the statutory trust from defending any action, suit, or proceeding in a court of the State.
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