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Session Laws, 1941
Volume 582, Page 1685   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1685

148. Every foreign corporation subject to the jurisdiction
of this State, except insurance companies which pay an annual
filing fee of $25 to the Insurance Commissioner, national
banks, building or homestead associations, savings and loan
associations, credit unions, and charitable and benevolent in-
stitutions, shall pay to the Department, at the time of filing
its annual report, a filing fee of f25. Every foreign building
or homestead association, savings and loan association, credit
union, and charitable and benevolent institution subject to
the jurisdiction of this State, shall pay to the Department, at
the time of filing its annual report, a filing fee of f 10.

SEC. 11. And be it further enacted, That Sections 152(a),
152(c), 152(d) and 15. 3(c) of Article 81 of the Annotated
Code of Maryland (1939 Edition), title "Revenue and Taxes",
sub-title "Forfeiture of Corporate Charters for Non-Payment
of Taxes", be and the same are hereby repealed and re-enacted,
with amendments, to read as follows:

152. (a) If any domestic corporation shall refuse or neg-
lect to pay to the State, or the proper officers thereof, any
franchise tax, or any tax on the shares of its capital stock, or
any gross receipts tax, or any other State tax due by it, except
taxes collectible locally, for a space of nine months from the
first day of January next after the expiration of the calendar
year during which said taxes become due and payable, or if any
domestic corporation shall refuse or neglect to file an annual
report with the Department for a space of nine months from
the first day of January next after the expiration of the
calendar year in which such report was required to be filed
under the provisions of this Article, it shall be the duty of
the Comptroller of the State to certify immediately thereafter
to the Governor a list of all such corporations failing to pay
State taxes due by them, and it shall be the duty of the De-
partment to certify immediately thereafter to the Governor
a list of all such corporations failing to file annual reports re-
quired to be filed by them, and the Governor shall forthwith
issue and publish his proclamation declaring under this section
that the charters of such corporations shall be repealed, an-
nulled and forfeited, and that the powers conferred by law
upon such corporations shall be inoperative, null and void,
upon the expiration of sixty days from the date of the first
publication of such proclamation, unless all such taxes, to-
gether with all interest and penalties due thereon, are paid,
and such report is filed, before the expiration of said sixty
days. The Governor shall cause said proclamation to be pub-
lished in at least three daily newspapers of general circulation
published in the State, including at least one daily newspaper
published in Baltimore City, once a week for four successive

 

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Session Laws, 1941
Volume 582, Page 1685   View pdf image (33K)   << PREVIOUS  NEXT >>


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