(a) (1) If a foreign corporation does any intrastate, interstate, or foreign business in this State without qualifying or registering as required by Subtitle 2 of this title, the Department shall impose a penalty of $200 on the corporation.
(2) This penalty may be reduced or abated under § 14-704 of the Tax - Property Article.
(b) Each officer of a foreign corporation which does intrastate, interstate, or foreign business in this State without qualifying or registering as required by Subtitle 2 of this title, and each agent of the foreign corporation who transacts intrastate, interstate, or foreign business in this State for it is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000.
Structure Maryland Statutes
Title 7 - Foreign Corporations
Section 7-301 - Failure to Register or Qualify -- Maintenance of Suit
Section 7-302 - Failure to Register or Qualify -- Fines
Section 7-303 - Failure of Qualified Corporation to File Certified Statement
Section 7-304 - Failure of Corporation to File Required Report or Pay Late Filing Penalties
Section 7-305 - Failure to Comply With Subtitle 2 Does Not Affect Contracts