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Session Laws, 1975
Volume 716, Page 1898   View pdf image
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1898

LAWS OF MARYLAND

[Ch. 311

in addition to " the date, nature of the
instrument...and the record reference
thereof." However, such a requirement, if
ever intended, would be meaningless in light
of the fact that neither a copy or summary of
the charter itself is required to be filed
with the Department in the first instance. Cf.
present Art. 23, §90 (e). (See, also, Ch. 292,
Acts of 1970, which amended both §90(e) and
(q) — in somewhat different ways, however — to
delete the requirements for filing certified
copies of charter documents.) This section,
therefore, is revised to conform to the
language in §90 (e), the probable intent of Ch.
292, Acts of 1970, and - as revised - the
current practice of the Department.

For the full meaning intended by the term
"charter," see §1—101 of this article.

7-207. FOREIGN PROFESSIONAL CORPORATIONS.

(A)   IN GENERAL.

A PROFESSIONAL CORPORATION INCORPORATED UNDER THE
PROFESSIONAL CORPORATION LAWS OF ANOTHER STATE MAY
QUALIFY UNDER THIS SUBTITLE TO DO BUSINESS IN THIS STATE
IF:

(1)    ONLY STOCKHOLDERS LICENSED AND LEGALLY
QUALIFIED BY THIS STATE PERFORM THE PROFESSIONAL
SERVICE IN THIS STATE; AND

(2)   THE PROFESSIONAL CORPORATION MEETS EVERY
REQUIREMENT OF THE MARYLAND PROFESSIONAL SERVICE
CORPORATION ACT, EXCEPT FOR THE REQUIREMENT THAT ALL ITS
STOCKHOLDERS BE LICENSED TO PERFORM THE PROFESSIONAL
SERVICE IN THIS STATE.

(B)   FILING WITH THE DEPARTMENT.

TO QUALIFY, A FOREIGN PROFESSIONAL CORPORATION
SHALL:

(1)   CERTIFY TO THE DEPARTMENT THE NAME AND
ADDRESS OF ITS RESIDENT AGENT IN THIS STATE; AND

(2)    FILE WITH THE DEPARTMENT ANY ADDITIONAL
INFORMATION AND DOCUMENTS THE DEPARTMENT CONSIDERS
RELEVANT.

(C)   RIGHTS, PRIVILEGES, AND IMMUNITIES.

A FOREIGN PROFESSIONAL CORPORATION WHICH QUALIFIES

 

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Session Laws, 1975
Volume 716, Page 1898   View pdf image
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