WILLIAM DONALD SCHAEFER, Governor                        H.B. 1297

(B)      A FOREIGN PROFESSIONAL CORPORATION MAY OBTAIN A CERTIFICATE
OF AUTHORITY IF:

(1)      UNLESS THE LICENSING UNIT APPROVES THE USE OF A DIFFERENT
NAME, THE NAME OF THE CORPORATION SATISFIES THE REQUIREMENTS OF §§ 5-106
THROUGH 5-108 OF THIS SUBTITLE AND THE NAME IS THE SAME AS THE CORPORATE
NAME CONTAINED IN THE ARTICLES OF INCORPORATION;

(2)      THE CORPORATION IS INCORPORATED FOR ONE OR MORE OF THE
PURPOSES DESCRIBED IN § 5-103 OF THIS SUBTITLE; AND

(3)      ALL OF THE STOCKHOLDERS, A MAJORITY OF THE DIRECTORS, AND
ALL OF THE OFFICERS OF THE CORPORATION, OTHER THAN THE SECRETARY AND
TREASURER, ARE LICENSED IN ONE OR MORE STATES TO RENDER A PROFESSIONAL
SERVICE DESCRIBED IN THE ARTICLES OF INCORPORATION.

(C)      (1) A FOREIGN PROFESSIONAL CORPORATION IS NOT REQUIRED TO
OBTAIN A CERTIFICATE OF AUTHORITY TO TRANSACT BUSINESS IN THE STATE
UNLESS THE CORPORATION WOULD BE REQUIRED TO QUALIFY UNDER § 7-203 OF
THIS ARTICLE IF IT WERE A BUSINESS CORPORATION.

(2) IN THE EVENT THAT A CERTIFICATE OF AUTHORITY IS NOT
REQUIRED UNDER PARAGRAPH (1) OF THIS SUBSECTION, A FOREIGN
PROFESSIONAL CORPORATION MUST REGISTER WITH THE DEPARTMENT UNDER §
7-202 OF THIS ARTICLE.

5-126.

AN APPLICATION OF A FOREIGN PROFESSIONAL CORPORATION FOR A
CERTIFICATE OF AUTHORITY TO RENDER PROFESSIONAL SERVICES IN THE STATE
SHALL CONTAIN THE INFORMATION REQUIRED UNDER § 7-101 OF THIS ARTICLE
AND, IN ADDITION, SHALL INCLUDE A STATEMENT THAT ALL OF THE
STOCKHOLDERS, A MAJORITY OF THE DIRECTORS, AND ALL OF THE OFFICERS OF
THE CORPORATION, OTHER THAN THE SECRETARY AND TREASURER, ARE
LICENSED IN ONE OR MORE STATES TO RENDER A PROFESSIONAL SERVICE
DESCRIBED IN THE CORPORATION'S ARTICLES OF INCORPORATION.

5-127.

THE DEPARTMENT MAY REVOKE THE CERTIFICATE OF AUTHORITY OF A
FOREIGN PROFESSIONAL CORPORATION AUTHORIZED TO TRANSACT BUSINESS IN
THE STATE IF A LICENSING UNIT WITH JURISDICTION OVER A PROFESSIONAL
SERVICE DESCRIBED IN THE CORPORATION'S ARTICLES OF INCORPORATION
CERTIFIES TO THE DEPARTMENT THAT THE CORPORATION HAS VIOLATED OR IS
VIOLATING A PROVISION OF THIS SUBTITLE AND DESCRIBES THE VIOLATION.

5-128.

A LICENSING UNIT MAY ADOPT REGULATIONS TO ADMINISTER THIS SUBTITLE.

5-129.

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