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Code · Maryland · Corporations and Associations

§ 7-301

129 words·~1 min read·/md/corporations-and-associations/7-301·

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§7–301.
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.
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