(a) The Department may forfeit the right of any foreign limited partnership to do business in this State if the limited partnership fails to file with the Department any report or fails to pay any late filing penalties required by law:
(1) Within the time required by law; and
(2) Thereafter, within 30 days after the Department makes a written demand for the delinquent report or late filing penalties.
(b) Unless the Department excuses a reasonable delay for good cause shown, the forfeiture is effective 15 days after written notice of forfeiture from the Department, without proceedings of any kind either at law or in equity.
(c) The demand for a delinquent report or late filing penalties and the notice of forfeiture shall be addressed to the limited partnership:
(1) At its address on file with the Department; or
(2) If it has no address on file with the Department, in the care of the Secretary of State, or corresponding official of the place where it was organized or is existing, if known to the Department.
(d) On forfeiture of its right to do business in this State, the foreign limited partnership is subject to the same rules, legal provisions, and sanctions as if it had never qualified or been licensed to do business in this State.
Structure Maryland Statutes
Title 10 - Limited Partnership Act
Subtitle 9 - Foreign Limited Partnerships
Section 10-901 - Law Governing
Section 10-903 - Issuance of Registration
Section 10-905 - Changes and Amendments
Section 10-906 - Cancellation of Registration
Section 10-907 - Doing Business Without Registration
Section 10-908 - Action by Attorney General
Section 10-909 - Doing Business
Section 10-910 - Assent to State Laws
Section 10-911 - Compliance With Subtitle Is Not Consent to Suit
Section 10-912 - Law Governing Merger -- Foreign Limited Partnership