§ 7–103
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 7-103 (2026)
Title 7. Foreign Corporations
Subtitle 1. Registration of Name; Doing Business in State
§ 7–103LinkCopy Citation
In addition to any other activities which may not constitute doing intrastate business in this State, for the purposes of this article, the following activities of a foreign corporation do not constitute doing intrastate business in this State:
(1)
Maintaining, defending, or settling an action, suit, claim, dispute, or administrative or arbitration proceeding;
(2)
Holding meetings of its directors or stockholders or carrying on other activities which concern its internal affairs;
(3)
Maintaining bank accounts;
(4)
Maintaining offices or agencies for the transfer, exchange, and registration of its securities;
(5)
Appointing and maintaining trustees or depositaries with respect to its securities;
(6)
Transacting business exclusively in interstate or foreign commerce; and
(7)
Conducting an isolated transaction not in the course of a number of similar transactions.