Maryland Statutes
Part II - Certificates of Authority
Section 14-112 - Revocation of Certificate of Authority and Institution of Delinquency Proceedings

The Commissioner may revoke a certificate of authority issued to a corporation subject to this subtitle, and at any time after revocation may institute proceedings under Title 9, Subtitle 2 of this article to rehabilitate or liquidate the corporation, if:
        (1)    grounds exist under § 4-113 of this article; or
        (2)    the Commissioner has reason to believe that the corporation:
            (i)    is being operated for profit;
            (ii)    is being fraudulently conducted;
            (iii)    is not complying with this subtitle or article;
            (iv)    knowingly is failing to comply with a rule, regulation, or order of the Commissioner; or
            (v)    has violated the provisions of Title 6.5 of the State Government Article.

Structure Maryland Statutes