§ 7-302

Maryland § 7-302

• Jurisdiction: Maryland
• Article gca: Corporations and Associations
• Title: 7

Text

(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.

(2) This penalty may be reduced or abated under § 14-704 of the Tax - Property Article.

(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.