§ 7-303. Failure of qualified corporation to file certified statement

Latest version.

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.

HISTORY: An. Code 1957, art. 23, § 90; 1975, ch. 311, § 2; 1985, ch. 480, § 1.

                    
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