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Session Laws, 1951
Volume 603, Page 338   View pdf image (33K)
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338 LAWS OF MARYLAND [CH. 135

(1) Maintaining or defending any action or suit or any ad-
ministrative or arbitration proceeding, or effecting the settle-
ment thereof or the settlement of claims or disputes.

(2) Holding meetings of its directors or stockholders or
carrying on other activities concerning its internal affairs.

(3) Maintaining bank accounts.

(4) Maintaining offices or agencies for the transfer, ex-
change and registration of its securities, or appointing and
maintaining trustees or depositaries with relation to its se-
curities.

(5) Transacting business exclusively in interstate commerce.

(6) Conducting an isolated transaction not in the course of
a number of transactions of like nature.

85. (Assent to State Laws. ) Every foreign corporation
doing intrastate or interstate or foreign business in this
State shall be deemed thereby to have assented to all the pro-
visions of the laws of this State.

86. (Qualification and Registration. ) (a) Every foreign
corporation doing intrastate or interstate or foreign business
in this State, except insurance companies subject to the pro-
visions of Article 48A, and except railroads operating in this
State and national banks, shall have at least one resident agent
in this State whose name and address, as such, have been certi-
fied to the Commission, and also a mailing address which has
likewise been certified to the Commission. Each such, foreign
corporation shall continue to have at least one such resident
agent and a mailing address so certified as long as it is sub-
ject to suit in this State. Service of process upon any such
resident agent of a foreign corporation shall bind such foreign
corporation in any action in which it is subject to suit in
this State; but, notwithstanding any other provisions of this
Article to the contrary, compliance with this section shall not
of itself render a foreign corporation subject to suit in this
State, or be construed as a consent by it to be sued in this
State, on any cause of action on which it would not be subject
to suit in this State if it had not complied with this section.
The resignation of a resident agent of a foreign corporation
shall not be effective until ten days after an original counter-
part thereof has been filed with the Commission unless at the
time of such resignation such foreign corporation has one or
more other resident agents.

(b) Any such foreign corporation may at any time certify
to the Commission, (1) the location of a principal office in


 

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Session Laws, 1951
Volume 603, Page 338   View pdf image (33K)
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