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2023 Maryland Statutes
Corporations and Associations
Title 5 - Special Types of Corporations
Subtitle 6 - Electric Cooperatives
Part VII - Miscellaneous Provisions
Section 5-649 - Fees; Exemption From Excise and Income Taxes
Universal Citation:
MD Corporations and Associations Code § 5-649 (2023)
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This media-neutral citation is based
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(a) The Department shall collect fees for filing and recording corporate documents as provided in § 1–203 of this article.
(b) On or before July 1 of each year, each cooperative and each foreign corporation doing business in the State under this subtitle shall pay a fee of $100 to the Department.
(c) Except as provided in subsection (b) of this section, a cooperative or a foreign corporation doing business in the State under this subtitle is not subject to any excise or income tax.
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