Maryland Corporations and Associations Section 7-201

      This subtitle does not apply to:

            (1)      An insurance company subject to the provisions of the Insurance Article;

            (2)      A railroad operating in this State;

            (3)      A national bank that:

                  (i)      Has its main office located in this State; or

                  (ii)      Does not maintain a branch in this State;

            (4)      A federal credit union; or

            (5)      A foreign nonstock corporation whose only activity in this State is supplying police, fire, rescue, or emergency services personnel on a nonprofit basis to assist in an area covered by a state of emergency declared by the Governor under § 14-107 of the Public Safety Article.