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Current as of December 31, 2021 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 7-303 - last updated December 31, 2021 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-7-303/
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