MARVIN MANDEL, Governor

1899

WITH THE DEPARTMENT UNDER THIS SECTION HAS ALL THE
RIGHTS, PRIVILEGES, AND IMMUNITIES GUARANTEED TO A
MARYLAND PROFESSIONAL CORPORATION, IF THE STATE IN WHICH
IT IS INCORPORATED EXTENDS THESE RIGHTS, PRIVILEGES, AND
IMMUNITIES TO MARYLAND PROFESSIONAL CORPORATIONS.

REVISOR'S NOTE: This section presently appears as
Art. 23, §444A. It has been revised generally
to conform to the language used in the
Professional Service Corporation Act, Title 5,
Subtitle 1 of this article.

The present reference to the "reasonable and
necessary fees" of the Department is deleted
as unnecessary in light of §1—203 of this
article. It is departmental policy to charge
the same fees to foreign professional
corporations as are charged to foreign
corporations generally.

The only other changes are in style.

7-208. TERMINATION OF REGISTRATION OR QUALIFICATION.

(A)      GENERAL RULE.

A FOREIGN CORPORATION REGISTERED OR QUALIFIED UNDER
THIS SUBTITLE MAY TERMINATE ITS REGISTRATION OR
QUALIFICATION AS PROVIDED IN THIS SECTION.

(B)   PROCEDURE FOR TERMINATION.

TO TERMINATE, THE CORPORATION SHALL FILE WITH THE
DEPARTMENT:

(1)   AN APPLICATION FOR TETMINATION; AND

(2)    THE SAME CERTIFICATE OF PAYMENT OF TAXES
REQUIRED BY TITLE 3 OF THIS ARTICLE FOR THE FILING OF
ARTICLES OF DISSOLUTION BY A MARYLAND CORPORATION.

(C)     EXECUTION OF APPLICATION FOR TERMINATION;
CONTENTS.

THE APPLICATION FOR TERMINATION SHALL BE EXECUTED
FOR THE CORPORATION BY ITS PRESIDENT OR ONE OF ITS
VICE-PRESIDENTS. THE APPLICATION SHALL INCLUDE:

(1) THE NAME OF THE CORPORATION, AND THE
ADDRESS OF ANY PRINCIPAL OFFICE IN THIS STATE;

(2) THE NAME AND ADDRESS OF ITS RESIDENT
AGENT IN THIS STATE;