Maryland § 3-513
Full text of Maryland Maryland Code § 3-513, with citation guidance and answers to common questions.
§ 3-513.
(a) At any time, the Department may authorize the Attorney General to institute proceedings against a corporation to determine whether the corporation has abused, misused, or failed to use its powers and franchises in a manner which, in the public interest, would make proper the forfeiture of its charter.
(b) If authorized by the Department, the Attorney General may petition a court of equity for forfeiture of the charter and dissolution of the corporation. The petition shall state the facts on which the forfeiture and dissolution of the corporation is sought.
(c) In its order, the court shall:
(1) Find that no legal cause for forfeiture exists, and dismiss the petition;
(2) Direct the corporation to remedy one or more grievances, on penalty of forfeiture of the charter if they are not remedied within the time set by the order; or
(3) (i) Find that legal cause for forfeiture has been shown and that the public interest requires a forfeiture;
(ii) Declare the charter forfeited and the corporation dissolved; and
(iii) Appoint a receiver of the assets of the corporation.
Frequently Asked Questions About Maryland § 3-513
What does Maryland Code § 3-513 cover?
Section 3-513 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 3-513?
A common citation format is "Maryland Code § 3-513" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 3-513 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.