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Session Laws, 1967
Volume 681, Page 1332   View pdf image (33K)
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1332                           LAWS OF MARYLAND                      [CH. 649

(4) Such corporation has not forfeited its right to do such intra-
state business under the laws of this State.

Any foreign corporation so qualified may obtain from the [Com-
mission] Department a certificate or certificates that it has so quali-
fied. If the corporation has a principal office in this State certified
under subsection (b) hereof, such certificate or certificates of quali-
fication shall so state. Any foreign corporation so qualified shall also
be deemed to be registered to do interstate and foreign business in
this State.

(g) Every such foreign corporation heretofore or hereafter quali-
fied to do intrastate business in this State shall file with the [Com-
mission] Department from time to time, not later than sixty days
after the adoption thereof, officially certified copies of all amend-
ments to and supplements of its charter or other instrument or instru-
ments under which it was formed, not theretofore so filed. If any
such foreign corporation fails to comply with the foregoing provi-
sions of this subsection (g), the [Commission] Department shall
impose upon it a penalty of five dollars, and in addition one dollar for
each ten days or fractional part thereof during which such default
continues. Such penalties shall be collected and may be reduced or
abated in the manner provided for the collection, reduction and
abatement of penalties imposed by Section 252 of Article 81 for
failure to file reports with the [Commission] Department.

(h) Any foreign corporation, registered or qualified in accord-
ance with the provisions of this section, may terminate such regis-
tration or qualification by obtaining from the [Commission]
Department, upon payment of the fee required by law, a certificate
of withdrawal. The [Commission] Department, if satisfied that all
reports required by law have been filed and all taxes due and payable
by the corporation to the State and to any political subdivision
thereof, to the date of filing the application for withdrawal have been
paid, shall issue such a certificate upon the filing by the corporation
of an application for withdrawal, signed in the name and on behalf
of the corporation by its president or a vice-president, and contain-
ing the following information:

(1)    The name of the corporation, and the post office address of
its principal office.

(2)    The name and post office address of the resident agent, serv-
ice of process upon whom shall bind the corporation in any action in
which it is subject to suit in this State.

(3)    A statement that the corporation, (i) in the case of termi-
nation of qualification, is no longer transacting any intrastate busi-
ness in this State; or (ii) in the case of termination of registration,
is no longer transacting any interstate or foreign business in this
State.

(4)    A statement that the corporation wishes to terminate its
registration or qualification to do such business.

(5)    A statement that the corporation has filed all reports re-
quired by law and has paid all taxes due and payable by the cor-
poration to the State and any political subdivision thereof, to the
date of application for withdrawal. The application shall be accom-
panied by certificates of payment of taxes as required by this Article
in the case of filing articles of dissolution.

 

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Session Laws, 1967
Volume 681, Page 1332   View pdf image (33K)
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