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Ch. 324 2000 LAWS OF MARYLAND
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[(c) Subject to the appropriation process in the State budget, the
Department shall use the fund for the costs of reviewing, processing, and auditing
instruments filed.
(d) The State Treasurer shall hold and the State Comptroller shall
account for the fund.
(e) The fund shall be invested and reinvested in the same manner as
other State funds.
(f) Investment earnings shall accrue to the benefit of the fund.]
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article - Corporations and Associations
1-203.
In addition to any organization and capitalization fee required under § 1-204 of
this article, the Department shall collect the following fees:
(8) For processing each of the following documents on an expedited basis,
the additional fee is as indicated:
Recording any document, including financing statements....................[$30] $50
Certificate of status of a corporation, partnership, limited partnership, limited
liability partnership, or limited liability company, or a name reservation................$9
A copy of any document recorded or filed with the Department, or a corporate
abstract..........................................................................................................................$20
1-203.2.
(a) The Department shall process documents on an expedited basis upon the
payment of the fee provided in § 1-203(8) of this article.
(b) The Department shall, to the extent practicable, process documents filed
in person on an expedited basis on the same day that the documents are received.
(c) The Department shall adopt regulations governing the processing of
documents on an expedited basis, including reasonable limitations on filing
documents of unusual volume or length.
(D) THE FEES COLLECTED UNDER § 1-203(8) OF THIS SUBTITLE SHALL BE
CREDITED TO THE FUND ESTABLISHED UNDER § 1-203.3 OF THIS SUBTITLE.
1-203.3.
(A) THERE IS A CONTINUING, NONLAPSING FUND THAT IS NOT SUBJECT TO §
7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
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- 1946 -
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