Maryland Statutes
Subtitle 3 - Sanctions
Section 7-303 - Failure of Qualified Corporation to File Certified Statement

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.

Structure Maryland Statutes