(a) Any person who transacts business in the name or for the account of a corporation knowing that its charter has been forfeited and has not been revived is guilty of a misdemeanor and on conviction is subject to a fine of not more than $500.
(b) For the purpose of this section, unless there is clear evidence to the contrary, a person who was an officer or director of a corporation at the time its charter was forfeited is presumed to know of the forfeiture.
(c) A prosecution for violation of the provisions of this section may not be instituted after the date articles of revival of the corporation are filed.
Structure Maryland Statutes
Title 3 - Corporations in General -- Extraordinary Actions
Subtitle 5 - Extension, Forfeiture, Andrevival of Charter
Section 3-501 - Power to Reinstate Expired Charter and Extend Corporate Existence
Section 3-502 - Contents and Execution of Articles of Extension
Section 3-503 - Forfeiture of Charter for Nonpayment of Taxes or Failure to File Report
Section 3-504 - Notice of Proclamation; Effect of Compliance
Section 3-505 - Correction of Mistakes
Section 3-506 - Other Remedies Not Affected
Section 3-507 - Procedure for Revival of Forfeited Charter
Section 3-508 - Contents of Articles of Revival
Section 3-509 - Conditions on Acceptance of Articles of Revival
Section 3-510 - Evidentiary Effect of Acceptance of Articles of Revival
Section 3-512 - Effect of Extension or Revival
Section 3-513 - Forfeiture of Charter for Misuse of Powers
Section 3-514 - Prohibition Against Doing Business After Forfeiture
Section 3-515 - Powers of Directors on Forfeiture
Section 3-516 - Appointment of Receiver on Forfeiture
Section 3-519 - Conditions on Expiration of Corporate Existence