Maryland Corporations and Associations Section 7-302

Article - Corporations and Associations

§ 7-302.

      (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.