§ 7-302. Fine of nonqualifying corporation
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 7-302
§ 7-302. Fine of nonqualifying corporation
(a)(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.
(b) 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.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1985, c. 480, § 1.
Formerly Art. 23, § 91.
MD Code, Corporations and Associations, § 7-302, MD CORP & ASSNS § 7-302
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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