Section 7-303 - Failure of qualified corporation to file certified statement. - Maryland Statutes

§ 7-303. Failure of qualified corporation to file certified statement.
 

If a foreign corporation which is qualified to do business in this State fails to comply with the provisions of § 7-206 of this title, the Department shall impose a penalty of $5 on the corporation and an additional penalty of $1 for each ten days or a fractional part of ten days during which the failure to comply continues. These penalties may be reduced or abated under § 14-704 of the Tax - Property Article. 
 

[An. Code 1957, art. 23, § 90; 1975, ch. 311, § 2; 1985, ch. 480, § 1.]