2568

LAWS OF MARYLAND

Ch. 686

is $1.65. The Department shall collect the recordation tax when
the articles of transfer, ARTICLES OF MERGER, ARTICLES OF
CONSOLIDATION, OR OTHER DOCUMENT WHICH EVIDENCES A MERGER OR
CONSOLIDATION OF FOREIGN CORPORATIONS are filed.

12-105.

(g) (1) For a transfer under § 12-106 of this title, the
recordation tax applies to the value of the real property
determined by the Department at the date of finality immediately
before the date of transfer.

(2) FOR A TRANSFER BY ARTICLES OF MERGER, ARTICLES OF
CONSOLIDATION, OR OTHER DOCUMENTS WHICH EVIDENCE A MERGER OR
CONSOLIDATION OF FOREIGN CORPORATIONS, THE RECORDATION TAX
APPLIES TO THE VALUE OF THE REAL PROPERTY DETERMINED BY THE
DEPARTMENT AT THE DATE OF FINALTY IMMEDIATELY BEFORE THE DATE OF
THE MERGER OR CONSOLIDATION.

12-106.

Except as provided in § 12-108(p) [and], (q), (V), AND (W)
of this title, the recordation tax applies to instruments of
writing that transfer the real property of a corporation to its
stockholders or the real property of a partnership to its
partners.

12-108.

(p) An instrument of writing is not subject to recordation
tax if the instrument of writing is:

(1)  a transfer of title to real property between a
parent corporation and its subsidiary corporation or between 2 or
more subsidiary corporations wholly owned by the same parent
corporation, IF THE PARENT CORPORATION IS AN ORIGINAL STOCKHOLDER
OF THE SUBSIDIARY CORPORATION, OR SUBSIDIARY CORPORATIONS, OR
BECAME A STOCKHOLDER THROUGH GIFT OR BEQUEST FROM AN ORIGINAL
STOCKHOLDER OF THE SUBSIDIARY CORPORATION, OR SUBSIDIARY
CORPORATIONS, for:

(i) no consideration;

(ii) nominal consideration; or

(iii) consideration that comprises only the
issuance, cancellation, or surrender of stock of a subsidiary
corporation; or

(2)  a deed made:

(i) under reorganizations described in § 368(a)
of the Internal Revenue Code; or