1902

LAWS OF MARYLAND

[Ch. 311

(I)   THE FOREIGN CORPORATION OR A FOREIGN
CORPORATION SUCCESSOR TO IT HAS COMPLIED WITH THE
REQUIREMENTS OF SUBTITLE 2 OF THIS TITLE; OR

(II)  THE FOREIGN CORPORATION AND ANY FOREIGN
CORPORATION SUCCESSOR TO IT ARE NO LONGER DOING
INTRASTATE, INTERSTATE, OR FOREIGN BUSINESS IN THIS
STATE.

REVISOR'S NOTE: This section presently appears as
Art. 23, §91(c).

The only changes are in style.

For provisions relating to the denial of the
defense of limitations to foreign corporations
which have failed to register or qualify, see
CJ § 5-204.

7-302. FAILURE TO REGISTER OR QUALIFY - FINES.

(A)   FINE OF CORPORATION.

(1)         IF A FOREIGN CORPORATION DOES ANY
INTRASTATE, INTERSTATE, OR FOREIGN BUSINESS IN THIS STATE
WITHOUT QUALIFYING OR REGISTERING AS REQUIRED BY SUBTITLE
2 OF THIS TITLE, THE DEPARTMENT SHALL IMPOSE A PENALTY OF
$200 ON THE CORPORATION.

(2)         THIS PENALTY SHALL BE COLLECTED AND MAY
BE REDUCED OR ABATED UNDER THE PROCEDURES OF ARTICLE 81,
§252 OF THE CODE WHICH RELATE TO THE PENALTY FOR FAILURE
TO FILE REPORTS WITH THE DEPARTMENT.

(B)       FINE OF OFFICER OR AGENT.

EACH OFFICER OF A FOREIGN CORPORATION WHICH DOES
INTRASTATE, INTERSTATE, OR FOREIGN BUSINESS IN THIS
STATE WITHOUT QUALIFYING OR REGISTERING AS REQUIRED BY
SUBTITLE 2 OF THIS TITLE, AND EACH AGENT OF THE FOREIGN
CORPORATION WHO TRANSACTS INTRASTATE, INTERSTATE, OR
FOREIGN BUSINESS IN THIS STATE FOR IT IS GUILTY OF A
MISDEMEANOR AND ON CONVICTION IS SUBJECT TO A FINE NOT
EXCEEDING $1,000.

REVISOR'S NOTE: Subsection (a) of this section
presently appears as Art. 23, §91(d).

Subsection (b) of this section presently
appears as Art. 23, §91(b).

The only changes are in style.