(a) The Department may forfeit the right of any foreign limited liability company to do business in this State if the limited liability company 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 liability company:
(1) At its address on file with the Department; or
(2) If it has no address on file with the Department, in 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 liability company 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 4A - Limited Liability Company Act
Subtitle 10 - Foreign Limited Liability Companies
Section 4A-1001 - Governing Law
Section 4A-1002 - Registration
Section 4A-1003 - Issuance of Registration
Section 4A-1004 - Registration of Name
Section 4A-1005 - Changes and Amendments to Registration
Section 4A-1006 - Cancellation of Registration
Section 4A-1007 - Doing Business Without Registration
Section 4A-1008 - Action by Attorney General
Section 4A-1009 - Doing Business
Section 4A-1010 - Assent to State Laws
Section 4A-1011 - Compliance With Title Is Not Consent to Suit
Section 4A-1012 - Law Governing Merger -- Foreign Limited Liability Company