§ 7-303
77 words·~1 min read·
/md/corporations-and-associations/7-303·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–303.
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.