1928

LAWS OF MARYLAND

Ch. 213

CAPITAL STOCK

NOT OVER $100,000

OVER $100,000 BUT NOT
OVER $1,000,000

OVER $1,000,000 BUT NOT
OVER $2,000,000

OVER $2,000,000 BUT NOT
OVER $5,000,000

OVER $5,000,000

(2) THE ORGANIZATION AND CAPITALIZATION FEE IS $20
FOR THE INCORPORATION OF:

$20

$20, PLUS $1 FOR EACH
$5,000 OR FRACTIONAL
PART OF $5,000 THAT
EXCEEDS $100,000

$200, PLUS $10 FOR EACH
$100,000 OR FRACTIONAL
PART OF $100,000 THAT
EXCEEDS $1,000,000

$300, PLUS $15 FOR EACH
$500,000 OR FRACTIONAL
PART OF $500,000 THAT
EXCEEDS $2,000,000

$390, PLUS $20 FOR EACH
$1,000,000 OR FRACTIONAL
PART OF $1,000,000 THAT
EXCEEDS $5,000,000

(I)  A MARYLAND CORPORATION THAT DOES NOT HAVE
ANY CAPITAL STOCK;

(II)  A SAVINGS AND LOAN ASSOCIATION; OR

(III)  A CREDIT UNION.

(D) (1) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBSECTION,
THE ORGANIZATION AND CAPITALIZATION FEE FOR AN INCREASE IN
AGGREGATE PAR VALUE OF CAPITAL STOCK IS THE FEE COMPUTED ON THE
AGGREGATE PAR VALUE OF INCLUDING THE PROPOSED INCREASE LESS THE
FEE COMPUTED ON THE AGGREGATE PAR VALUE EXCLUDING THE PROPOSED
INCREASE.

(2)  EXCEPT AS PROVIDED IN PARAGRAPH (3) OF THIS
SUBSECTION, THE ORGANIZATION AND CAPITALIZATION FEE ON AN
INCREASE IN AGGREGATE PAR VALUE OF CAPITAL STOCK OF A RAILROAD
CORPORATION THAT IS INCORPORATED UNDER THE LAWS OF THIS STATE AND
ANY OTHER STATE IS COMPUTED BY MULTIPLYING THE FEE COMPUTED UNDER
PARAGRAPH (1) OF THIS SUBSECTION BY THE PROPORTION OF THE TOTAL
TRACK MILEAGE OF THE RAILROAD CORPORATION IN THIS STATE TO THE
TOTAL TRACK MILEAGE OF THE RAILROAD CORPORATION.

(3)  THE MINIMUM ORGANIZATION AND CAPITALIZATION FEE
ON AN INCREASE IN AGGREGATE PAR VALUE IS $20.

(E) (1) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBSECTION,
THE ORGANIZATION AND CAPITALIZATION FEE FOR THE CONSOLIDATION OF