Maryland Statutes
Subtitle 2 - Licenses
Section 26-202 - Capital and Surplus Requirements

(a)    To qualify for a license to engage in the business of a motor club, a motor club with capital stock must have and maintain:
        (1)    paid-in capital stock with a fixed nominal or par value in an amount not less than $5,000; and
        (2)    surplus in an amount not less than $10,000.
    (b)    A motor club formed under the laws of the State without paid-in capital stock shall have and maintain unencumbered assets, in addition to required reserves and other liabilities, in an amount equal to that required under subsection (a) of this section.

Structure Maryland Statutes