1896

LAWS OF MARYLAND

[Ch. 311

(2) [[UNLESS THE FOREIGN CORPORATION HAS MORE
THAN ONE RESIDENT AGENT, THE RESIGNATION IS NOT EFFECTIVE
UNTIL TEN DAYS AFTER IT IS FILED WITH THE DEPARTMENT]]

UNLESS A LATER TIME IS SPECIFIED IN THE
RESIGNATION. IT IS EFFECTIVE;

(I)    AT THE TIME IT IS FILED WITH THE
DEPARTMENT. IF THE CORPORATION HAS MORE THAN ONE RESIDENT
AGENT: OR

(II)   TEN DAYS AFTER IT IS FILED WITH
THE DEPARTMENT. IF THE CORPORATION HAS ONLY ONE RESIDENT
AGENT.

REVISOR'S NOTE: Subsection (a) of this section
presently appears as the first two sentences
of Art. 23, §90(a). The exception as to
insurance companies, railroads, and national
banks contained in the first sentence of that
section is now set out in §7-201.

Subsection (b) of this section presently
appears as Art. 23, § 90(b). It has been
revised to provide that, if once a corporation
voluntarily chooses to certify a principal
office, thereafter, it shall be required to
maintain the accuracy of that certification.
To merely permit a corporation to certify any
subsequent changes prejudices the current
validity of the original certification and
makes that certification and the information
given totally meaningless, both to the
Department and to the general public.

In subsection (b) (1) of this section, the word
"address," which, as defined in Title 1, means
"post — office address," is substituted for
"location." This change conforms to the
provisions of the first sentence of present
Art. 23, §90(c) which requires that a
certificate relating to the "location" of a
principal office show its "post—office
address."

Subsections (c) and (d) of this section
presently appear as the last two sentences of
Art. 23, §90(c). The first sentence of that
section is deleted as unnecessary in light of
subsection (b) of this section. The
provisions relating to the change of resident
agent or principal office by Maryland
corporations are set out in §2-108 of this
article.