1888

LAWS OF MARYLAND

[Ch. 311

BETWEEN OCTOBER 1 AND DECEMBER 31 OF EACH YEAR.

(3) A RENEWAL APPLICATION EXTENDS THE
REGISTRATION FOR THE FOLLOWING CALENDAR YEAR.

REVISOR'S NOTE: This section presently appears as
Art. 23, §7.

In this section, the term "foreign
corporation" is substituted for the phrase
"corporation...of another state," presently
defined in Art. 23, §7 (a). (For a definition
similar to that in Art. 23, §7 (a), see §3—101
of this article.) Use of the term "foreign
corporation," which is defined in Title 1 of
this article, expands the scope of the
registered name provisions to include
associations and joint stock companies, as
well as alien entities organized under the
laws of a foreign country. Each of these
entities is presently subject to the same
registration, qualification, and other "doing
business" requirements of this title which are
imposed presently on any other "foreign
corporation"; it is likewise permitted to
reserve its name under the provisions of §
2—107 of this article. There is no real
reason, therefore, to distinguish and exclude
these entities from the right to register
their names under this section and, in fact,
the current practice of the Department is not
to make this distinction. Because of this
change, the present references in this section
to "State" and "incorporation" are changed to
"place" and "organization" for greater
accuracy.

Present references to the fees charged by the
Department are deleted as unnecessary in light
of §1-201 of this article.

The only other changes are in style.

7-102. BUSINESS MUST BE PERMITTED BY LAWS OF THIS
STATE.

A FOREIGN CORPORATION MAY NOT DO ANY KIND OF
INTRASTATE, INTERSTATE, OR FOREIGN BUSINESS IN THIS
STATE WHICH THE LAWS OF THIS STATE PROHIBIT A MARYLAND
CORPORATION FROM DOING.

REVISOR'S NOTE: This section presently appears as
Art. 23, §88(a).