WILLIAM DONALD SCHAEFER, Governor

Ch. 2

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 81, § 176,
as it referenced remittance of the tax on commissions.

In subsections (a), (c), and (d) of this section, the
former references to a "clerk" are deleted as
obsolete.

In subsection (c)(2) of this section, the phrase
"which shall thereupon be filled as prescribed by the
Constitution", which formerly modified "office", is
deleted as surplusage.

Defined terms: "Comptroller" § 1-101
"Register" § 7-101

TITLE 8. FRANCHISE TAXES.
SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS.
8-101. DEFINITIONS.

(A)  IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

REVISOR'S NOTE: This subsection is new language used as
standard introductory language to a definition
section.

(B)  COMPANY.

"COMPANY" MEANS AN ASSOCIATION, CORPORATION, OR JOINT-STOCK
COMPANY.

REVISOR'S NOTE: This subsection is new language derived
without substantive change from former Art. 81, §
2(1).

The word "company" is substituted, as the defined
term, for the former word "corporation" to avoid use
of the word "corporation" in a manner that is contrary
to its usual meaning.

(C)  FINANCIAL INSTITUTION.

(1) "FINANCIAL INSTITUTION" MEANS:

(I)  A COMMERCIAL BANK;

(II)  A CREDIT COMPANY;

(III)  EXCEPT AS PROVIDED IN PARAGRAPH (2)(I) OF
THIS SUBSECTION, A FINANCE COMPANY;

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