§ 5–130
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 5-130 (2026)
Title 5. Special Types of Corporations
Subtitle 1. Professional Service Corporations
§ 5–130LinkCopy Citation
(a)
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)
If a penalty or punishment imposed for a violation of a statute repealed by this subtitle is reduced by this subtitle, the penalty or punishment, if not already imposed, shall be imposed in accordance with this subtitle.