§ 7-406
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/md/insurance/7-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§7–406.
A person required to file a pre-acquisition notification under this subtitle or Subtitle 3 of this title that fails to file the notification and that also fails to demonstrate a good faith effort to comply with the filing requirement is subject to a penalty not exceeding $50,000.