(a) Except as provided in subsection (b) of this section, unless a society receives a certificate of authority as provided in § 8-417 of this subtitle, the preliminary certificate of authority of the society, its articles of incorporation, and each action taken under the authority of the preliminary certificate of authority are void 1 year after the preliminary certificate of authority is issued.
(b) For good cause shown, the Commissioner may extend the preliminary certificate of authority for an additional period not exceeding 1 year.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 4 - Fraternal Benefit Societies
Part II - Formation, Organization, and Authority to Do Business
Section 8-410 - Formation of Society
Section 8-411 - Articles of Incorporation of Society
Section 8-412 - Filing Requirements
Section 8-413 - Minimum Capital
Section 8-414 - Preliminary Certificate of Authority
Section 8-415 - Completing Organization of Society
Section 8-416 - Time for Completing Organization
Section 8-417 - Certificate of Authority
Section 8-418 - Constitution and Laws; General Powers
Section 8-419 - Amendments to Laws
Section 8-422 - Office; Meetings; Minutes
Section 8-423 - Term and Renewal of Certificate of Authority