Unannotated Code of Maryland (Last Updated: May 16, 2014) |
CORPORATIONS AND ASSOCIATIONS |
TITLE 5. SPECIAL TYPES OF CORPORATIONS |
SUBTITLE 1. PROFESSIONAL SERVICE CORPORATIONS |
§ 5-130. Repeal of statute by enactment
Latest version.
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(a) In general. -- Except as provided in subsection (b) of this section, the repeal of a statute by enactment of this subtitle does not affect:
(1) The operation of the statute or any action taken under it before the statute's repeal;
(2) A ratification, right, remedy, privilege, obligation, or liability acquired, accrued, or incurred after the statute's repeal;
(3) Any violation of the statute, or any penalty, forfeiture, or punishment incurred because of the violation, before its repeal; or
(4) Any proceeding, reorganization, or dissolution commenced under the statute before its repeal.
(b) Imposition of penalty. -- If a penalty or punishment imposed for a violation of a statute repealed by this subtitle is reduced by this subtitle, the penalty or punishment, if not already imposed, shall be imposed in accordance with this subtitle.