MARVIN MANDEL, Governor

2029

THE PROVISIONS OF TITLE 6, SUBTITLE 5 OF THE CORPORATIONS
AND ASSOCIATIONS ARTICLE.

REVISOR'S NOTE: This section is new language added
as a cross—reference to the present Art. 48A
sections relating to insurance companies which
are now contained in the Corporations and
Associations Article.

310. FORMATION AND ORGANIZATION.

THE FORMATION AND ORGANIZATION OF A SOCIETY SHALL BE
GOVERNED IN ACCORDANCE WITH THE PROVISIONS OF TITLE 6,
SUBTITLE 4 OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE.

SECTION 6. AND BE IT FURTHER ENACTED, That new
Section [[247A and]] 247B and 247C be and they are hereby
added to Article 81 — Revenue and Taxes of the Annotated
Code of Maryland (1969 Replacement Volume and 1974
Supplement), to read as follows:

Article 81 - Revenue and Taxes

[[247A]] 247B.        DISPOSITION OF RECORDING AND SPECIAL

FEES.

THE DEPARTMENT SHALL PAY TO THE CLERK OF THE COURT
TO WHOM EACH DOCUMENT IS SENT UNDER §1-203 OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE:

(1) 25 PERCENT OF THE RECORDING FEE FOR THE
CHARTER DOCUMENT;

(2)        50 CENTS FROM THE SPECIAL FEE FOR EACH

NOTICE OF CHANGE OF PRINCIPAL OFFICE OR NOTICE OF CHANGE
OF NAME OR ADDRESS OF RESIDENT AGENT; AND

(3)        $1        FROM THE SPECIAL FEE FOR EACH

CERTIFICATE OF CONSOLIDATION, MERGER, SALE, LEASE,
EXCHANGE, OR TRANSFER.

[[247B]] 247C. DISPOSITION OF ANNUAL FILING FEES.

(A)         OF THE TOTAL RECEIVED BY THE DEPARTMENT IN

PAYMENT OF ANNUAL FILING FEES OF MARYLAND CORPORATIONS
UNDER §1-203 OF THE CORPORATIONS AND ASSOCIATIONS
ARTICLE: