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Section 10-217 - Penalties for Transacting Business — Maryland Law | CourtGPT
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  2. Laws/
  3. Maryland/
  4. Corporations and Associations/
  5. Title 10 - Limited Partnership Act/
  6. Subtitle 2 - Formation, Forfeiture, and Reinstatement/
  7. Section 10-217 - Penalties for Transacting Business
Maryland Legal Code

Section 10-217 - Penalties for Transacting Business

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(a) 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) 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.