1528

LAWS OF MARYLAND

[Ch. 311

The provisions of present Art. 23, §7, which
deal with the registration of a name by a
foreign corporation, now appear in Title 7 of
this article.

For the definition of the term "address," see
§1-101.

2-108. RESIDENT AGENT AND PRINCIPAL OFFICE.

(A)   REQUIRED.

EACH MARYLAND CORPORATION SHALL HAVE:

(1)    A PRINCIPAL OFFICE IN THIS STATE; AND

(2)    AT LEAST ONE RESIDENT AGENT WHO SHALL BE
EITHER:

(I)    A CITIZEN OF THIS STATE WHO RESIDES
HERE; OR

(II)    A MARYLAND CORPORATION.

(B)    DESIGNATION OR CHANGE OF ADDRESS OR RESIDENT
AGENT—NOTICE BY CORPORATION.

(1)   A CORPORATION MAY DESIGNATE OR CHANGE ITS
RESIDENT AGENT OR PRINCIPAL OFFICE BY FILING FOR RECORD
WITH THE DEPARTMENT A CERTIFIED COPY OF A RESOLUTION OF
ITS BOARD OF DIRECTORS WHICH AUTHORIZES THE DESIGNATION
OR CHANGE.

(2)   A CORPORATION MAY CHANGE THE ADDRESS OF
ITS RESIDENT AGENT BY FILING FOR RECORD WITH THE
DEPARTMENT A STATEMENT OF THE CHANGE SIGNED BY ITS
PRESIDENT OR ONE OF ITS VICE-PRESIDENTS.

(3)      A DESIGNATION OR CHANGE OF A
CORPORATIONS PRINCIPAL OFFICE OR ITS RESIDENT AGENT OR
HIS ADDRESS UNDER THIS SUBSECTION IS EFFECTIVE WHEN THE
DEPARTMENT ACCEPTS THE RESOLUTION OR STATEMENT FOR

RECORD.

(C) CHANGE OF ADDRESS--NOTICE BY RESIDENT AGENT.

(1)    A RESIDENT AGENT WHO CHANGES HIS ADDRESS
IN THE STATE MAY NOTIFY THE DEPARTMENT OF THE CHANGE BY
FILING FOR RECORD WITH THE DEPARTMENT A STATEMENT OF THE
CHANGE SIGNED BY HIM OR ON HIS BEHALF.

(2)   THE STATEMENT SHALL INCLUDE:

(I) THE NAMES OF THE CORPORATIONS FOR WHICH