(a) The voluntary or involuntary dissolution of a corporation does not relieve its stockholders, directors, or officers from any obligation or liability imposed on them by law.
(b) At any time before final ratification of the auditor’s account distributing the assets of the corporation among its creditors and stockholders, any stockholder of a corporation dissolved by the order of a court may plead on behalf of the corporation all defenses, including limitations or laches, in the same manner as could the corporation or its receiver.
Structure Maryland Statutes
Title 3 - Corporations in General -- Extraordinary Actions
Section 3-402 - Approval of Voluntary Dissolution -- No Stock Outstanding or Subscribed For
Section 3-403 - Approval of Voluntary Dissolution -- Stock Outstanding or Subscribed For
Section 3-404 - Notice to Creditors and Employees of Voluntary Dissolution
Section 3-405 - Abandonment or Rescission of Voluntary Dissolution
Section 3-406 - Articles of Dissolution
Section 3-407 - Filing Articles With Department; Payment of Taxes
Section 3-408 - Time Voluntary Dissolution Effective
Section 3-410 - Powers of Directors in Voluntary Dissolution
Section 3-411 - Appointment of Receiver in Voluntary Dissolution
Section 3-412 - Distributions to Stockholders in Voluntary Dissolution
Section 3-413 - Grounds for Petition by Stockholders or Creditors for Involuntary Dissolution
Section 3-414 - Appointment of Receiver in Involuntary Dissolution -- in General
Section 3-415 - Appointment of Receiver in Involuntary Dissolution -- Insolvency
Section 3-416 - Appointment of Officer, Director, or Stockholder as Receiver
Section 3-417 - Certification of Involuntary Dissolution to Department; Notice to Tax Collectors
Section 3-418 - Powers of Receiver in Voluntary and Involuntary Dissolution