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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 201   View pdf image (33K)
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ART. 23] TAXATION. 201

now is or hereafter may be provided by law, and nothing herein shall
be construed to exempt an ordinary business corporation from the pay-
ment of any license tax or charge imposed by law.

Foreign Corporations.

92.

The right of a non-resident to sue a foreign corporation in Maryland is
no longer confined to cases in which the cause of action has arisen or the
subject of the action is situated in this state. The act of 1908, chapter
309—see section 412—did not repeal or modify this section. Hagerstown
Brewing Co. v. Gates, 117 Md. 353.

As to process against fraternal orders, see article 23, section 244A.

As to process against corporations in criminal cases, see art. 27, sections
728 and 729.

93.

Sections 137 and 138 of the code of 1904 referred to in construing section
149—see notes thereto. Cumberland Gaslight Co. v. W. Va. Gas Co., 188
Fed. 585.

1914, ch. 846.
97A. No foreign corporation or association shall have any benefit

of any limitation as to any judgment heretofore or hereafter to be recov-

•ered against it in any court or courts of this State; but such judgment,
whether now 'aibove twelve years standing or not, shall be good and plead-
able, and shall be admitted in evidence, and an execution or attachment
may be issued thereon, and it may be otherwise proceeded with, as well
after, as within, twelve years from its date.

As to limitations, see article 57; see also article 26, section 20.

Miscellaneous Provisions.
104.

This section does not except stockholders who subscribed for their stock
before June 1st, 1908, from the provisions of section 66, and does not inter-
fere with the receivers proceeding under that section. Hall v. Hughes,
119 Md. 490.

See notes to section 65.

1904, art. 23, sec. 98. 1892, ch. 109, sec. 85D. 1896, ch. 160, sec. 85E.
1912, ch. 194, sec. 98.

110. Every such corporation transacting as part of its business the
security or guarantee business shall, within six months from, the 2d of
April, 1896, and from time to time thereafter, if need be, transfer and
assign to the said treasurer registered public stock of the United States

or of the State of Maryland, or of Baltimore City, or the bonds of any
county or municipal corporation of this State, which shall be approved
by said treasurer to the amount in value of one hundred thousand dol-
lars, and said amount shall be at all tim.es maintained by said corpora-
tion ; which stock must be registered in the name of said treasurer,
officially, as held in trust under and pursuant to this section, and the

same shall be held by said treasurer in trust as security for all the
holders of policies or guarantees of said corporation; provided, however,

 

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The Annotated Code of the Public General Laws of Maryland, 1914
Volume 373, Page 201   View pdf image (33K)
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