Legal Question in Business Law in Maryland

Re: Trademarks

The mark is probably still valid - the corporate assets devolve to the directors as fiduciaries for the creditors and shareholders upon termination of the charter, so if the creditors are paid, the TM would belong to the shareholders. If they continue to operate the business as a partnership, the mark probably belongs to them, even if their use of a corporate name is illegal (which it is only if they use the "Inc." or "Corp." references). While the registration may be subject to cancellation, the common law use of the mark continued, so the mark stays with the entity using it. Your "purchase" of the charter is actually the establishment of a new corporation under the same name, unless you are referring to having bought the shares in the defunct corporation. The new corporation is not the same entity and does not own the former corp.'s property, and probably cannot use the corporate name in commerce due to the conflicting mark.