684                              Laws of Maryland                       Ch. 292

CHAPTER 292
(Senate Bill 488)

AN ACT to repeal and re-enact, with amendments, Sections 90 (e)
and (g) of Article 23 of the Annotated Code of Maryland (1969
Supplement), title "Corporations," subtitle "1. Stock Corpora-
tions," subheading "Foreign Corporations," changing the method
and requirements of registration of foreign corporations register-
ing and qualifying to do intrastate business in Maryland.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sections 90 (e) and (g) of Article 23 of the Annotated Code
of Maryland (1969 Supplement), title "Corporations," subtitle "1.
Stock Corporations," subheading "Foreign Corporations," be and
they are hereby repealed and re-enacted, with amendments, to read
as follows:

90.

(e) Every such foreign corporation which has not heretofore qual-
ified to do intrastate business in this State shall, before doing intra-
state business in this State, in addition to complying with the re-
quirements of subsections (a) and (c) hereof, file with the Depart-
ment an officially certified [copy of its charter, if incorporated, or
of the instrument or instruments under which it was formed if not
incorporated, including in each case an officially certified copy of
every amendment thereof and supplement thereto. The filing of an
officially certified copy of a composite charter containing all amend-
ments and supplements then in effect shall be deemed a compliance
with this requirement.] statement of good standing together with a
certified statement evidencing the date and record reference of its
charter, if incorporated, or of the instrument or instruments under
which it was formed, if not incorporated, and dates and record
references of every amendment thereof and supplement thereto.

(g) Every such foreign corporation heretofore or hereafter qual-
ified to do intrastate business in this State shall file with the De-
partment from time to time not later than sixty days after the
adoption thereof, officially certified (copies of all amendments to and
supplements of its charter or other instrument or instruments under
which it was formed, not theretofore so filed.] certificate evidencing
any amendments to and supplements of its charter or other instru-
ment or instruments under which it was formed, not theretofore so
filed. Such statement shall show the date, nature of the instrument
or instruments, and the record reference thereof. If any such foreign
corporation fails to comply with the foregoing provisions of this sub-
section, the Department shall impose upon it a penalty of five dollars,
and in addition one dollar for each ten days or fractional part there-
of during which such default continues. Such penalties shall be col-
lected and may be reduced or abated in the manner provided for
the collection, reduction and abatement of penalties imposed by Sec-
tion 252 of Article 81 for failure to file reports with the Department.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1970.

Approved April 22, 1970