3024 ARTICLE 81

(16) A foreign corporation doing business in this State shall in respect
to property used in or in connection with its business in this State, in-
cluding property held in trust for a resident of this State, be deemed a
resident of this State.

(17) Railroads worked by steam shall include any railroad operated by
steam on the 30th day of March, 1906, even though such railroad has
changed, or shall hereafter change its motive power in whole or in part to
electricity or other motive power.

(18) The phrase "principal office" as applied to a domestic corpora-
tion shall mean the office, if any, in this State from which its business is
actually directed and managed, or if there be no such office, then the place
in this State where the principal business of the company in this State is
transacted, or if there be no such place, then the principal office named in
its charter or reported to the State Tax Commission as the case may be.

(19) The phrase "principal office in this State" as applied to a foreign
corporation shall mean the place at which the principal business or opera-
tions of the company in this State are actually carried on.

(20) The phrase "date of finality" shall mean the date as of which
taxes are to be levied for the taxable year in question and upon which
assessments become final for such year, subject only to correction as herein
authorized.

(21) The word "collector" with reference to a county or city shall in-
clude a treasurer or other officer whatsoever his title performing the duties
of a collector.

Allied Mortgage Companies, Inc. should, for purpose of assessment and taxation,
be classified as a "finance corporation" and not as ordinary business corporation. Tax
Comm. v. Allied Mortgage Cos., 175 Md. 357; Tax Comm. v. Associated Mortgage Cos.,
175 Md. 363.

Cited but not construed in Tidewater Oil Co. v. Anne Arundel Co., 168 Md. 495.

1929, ch. 226, sec. 3.

3. For the purposes of this Article:

(a) An executor of a deceased person shall in respect to assets of the
estate in his hands be deemed a resident of the county (including the City
of Baltimore) in which letters testamentary or of administration unre-
voked shall have been issued; and if the decedent resided in any city in
such county, then of such city. A guardian of an infant appointed by
any Court of this State shall in respect to the assets in his hands as such
guardian be deemed a resident of the county (including the City of Balti-
more) in which he shall have been appointed, and if the ward resides in a
city in such county then of such city.

(b) A person or firm engaged in business in this State shall, in respect
to personal property, tangible or intangible, which is used in or in con-
nection with the business so carried on in this State, and which would be
taxable if the owner were a natural person residing in this State, be deemed
a resident of this State and of the county and/or city in which such
business is conducted.

(c) The owner of a life estate, term for years perpetually renewable or
other particular, limited or defeasible estate in either real or personal prop-
erty, but not the owner of a lease for less than fifteen years containing no
stipulation on the part of the lessee to pay the taxes on the rented property,
shall be chargeable with the taxes thereon, with such right to indemnify
from other persons as may be provided for by private contract, express or
implied, in fact or in law.