Section 9-804 - Activities not considered doing business. - Maryland Statutes

§ 9-804. Activities not considered doing business.
 

(a)  In general.- For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in CA §§ 7-103 and 7-104, the following activities of a foreign association do not constitute doing business or having tax situs in this State: 

(1) Making or investing in loans on property in this State; 

(2) Purchasing, acquiring, holding, selling, assigning, transferring, collecting, or enforcing by foreclosure or otherwise any whole or partial interest in any obligation secured by a mortgage or similar instrument, covering property in this State; or 

(3) Employing an attorney, surveyor, or appraiser in connection with any activity permitted by this section or the servicing and collection of any investment in this State through a corporation that is authorized to do business in this State. 

(b)  Construction.- Nothing in this section exempts a foreign corporation from the licensing requirements of Title 11, Subtitle 5 of this article. 
 

[An. Code 1957, art. 23, § 156; 1980, ch. 856; 1986, ch. 282; 1989, ch. 476, § 3.]