2021 Maryland Statutes
Corporations and Associations
Title 12 - Statutory Trusts
Subtitle 8 - Forfeiture
Section 12-810 - Survivability of Contracts and Legal Defenses

Universal Citation:
MD. Corporations and Associations Code Ann. § 12-810 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    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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