Section 7-301 - Failure to register or qualify - Maintenance of suit. - Maryland Statutes

§ 7-301. Failure to register or qualify - Maintenance of suit.
 

If a foreign corporation is doing or has done any intrastate, interstate, or foreign business in this State without complying with the requirements of Subtitle 2 of this title, neither the corporation nor any person claiming under it may maintain a suit in any court of this State unless it shows to the satisfaction of the court that: 

(1) The foreign corporation or the person claiming under it has paid the penalty specified in § 7-302 of this subtitle; and 

(2) Either: 

(i) The foreign corporation or a foreign corporation successor to it has complied with the requirements of Subtitle 2 of this title; or 

(ii) The foreign corporation and any foreign corporation successor to it are no longer doing intrastate, interstate, or foreign business in this State. 
 

[An. Code 1957, art. 23, § 91; 1975, ch. 311, § 2.]