Title 7. Foreign Corporations — Subtitle 3. Sanctions
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 7-301 (2026)
Title 7. Foreign Corporations
Subtitle 3. Sanctions
§ 7–301LinkCopy Citation
If a foreign corporation is doing or has done any intrastate, interstate, or foreign business in this State without complying with the requirements of Subtitle 2 of this title, the corporation may maintain a suit in any court of this State if it shows to the satisfaction of the court that:
(1)
The foreign corporation has paid the penalty specified in § 7–302 of this subtitle; and
(2)
Either:
(i)
The foreign corporation or a foreign corporation successor to it has complied with the requirements of Subtitle 2 of this title; or
(ii)
The foreign corporation and any foreign corporation successor to it are no longer doing intrastate, interstate, or foreign business in this State.
Md. Code Ann., Corps. & Ass'ns § 7-302 (2026)
Title 7. Foreign Corporations
Subtitle 3. Sanctions
§ 7–302LinkCopy Citation
(a)
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.
(b)
This penalty may be reduced or abated under § 14–704 of the Tax – Property Article.
Md. Code Ann., Corps. & Ass'ns § 7-303 (2026)
Title 7. Foreign Corporations
Subtitle 3. Sanctions
§ 7–303LinkCopy Citation
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.
Md. Code Ann., Corps. & Ass'ns § 7-304 (2026)
Title 7. Foreign Corporations
Subtitle 3. Sanctions
§ 7–304LinkCopy Citation
(a)
The Department may forfeit the right of any foreign corporation to do intrastate business in this State if the corporation fails to file with the Department any report or fails to pay any late filing penalties required by law:
(1)
Within the time required by law; and
(2)
Thereafter, within 30 days after the Department makes a written demand for the delinquent report or late filing penalties.
(b)
Unless the Department excuses a reasonable delay for good cause shown, the forfeiture is effective 15 days after written notice of forfeiture from the Department, without proceedings of any kind either at law or in equity.
(c)
The demand for a delinquent report or late filing penalties and the notice of forfeiture shall be addressed to the corporation:
(1)
At its address on file with the Department; or
(2)
If it has no address on file with the Department, in care of the Secretary of State or corresponding official of the place where it was organized or is existing, if known to the Department.
(d)
On forfeiture of its right to do intrastate business in this State, the foreign corporation is subject to the same rules, legal provisions, and sanctions as if it had never qualified or been licensed to do business in this State.
Md. Code Ann., Corps. & Ass'ns § 7-305 (2026)
Title 7. Foreign Corporations
Subtitle 3. Sanctions
§ 7–305LinkCopy Citation
The failure of any foreign corporation to comply with any of the requirements of Subtitle 2 of this title does not affect the validity of any contract to which the corporation is a party.