§ 10-217. Penalties for transacting business

Latest version.

(a) Misdemeanor; fine. -- Any person that transacts business in the name or for the account of a limited partnership knowing that its right to do business in Maryland has been forfeited and has not been reinstated is guilty of a misdemeanor and on conviction is subject to a fine of not more than $ 500.

(b) Prosecution. -- A prosecution for violation of the provisions of this section may not be instituted after the date the certificate of reinstatement of the limited partnership is filed.

HISTORY: 1995, ch. 295.

                    
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