Section 7-302 - Failure to register or qualify - Fines. - Maryland Statutes

§ 7-302. Failure to register or qualify - Fines.
 

(a)  Fine of corporation.-  

(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)  Fine of officer or agent.- 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. 
 

[An. Code 1957, art. 23, § 91; 1975, ch. 311, § 2; 1985, ch. 480, § 1.]