reglab/housing_qa huggingface dataset:
MD. Corporations and Associations Code Ann. §  7-203 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-203 - Qualification to Do Intrastate Business

    (a)    Before doing any intrastate business in this State, a foreign corporation shall qualify with the Department.    (b)    To qualify, the corporation shall:        (1)    Certify to the Department:            (i)    The address of the corporation; and            (ii)    The name and address of its resident agent in this State; and        (2)    Provide proof acceptable to the Department of good standing in the jurisdiction where it currently is organized.    (c)    Unless terminated by the corporation, the qualification is effective as long as:        (1)    The corporation has a resident agent in this State;        (2)    The corporation does not forfeit its right to do intrastate business under the laws of this State; and        (3)    If the corporation qualifies or changes its name after June 1, 1951, the name of the corporation complies with the requirements of Title 1, Subtitle 5 of this article.
MD. Corporations and Associations Code Ann. §  7-204 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-204 - Certificate of Registration or Qualification

    A corporation which is registered or qualified under this subtitle may obtain a certificate of registration or qualification from the Department. The certificate shall show the address of any principal office in this State which is certified to the Department.
MD. Corporations and Associations Code Ann. §  7-205 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-205 - Maintenance and Certification of Resident Agent, Mailing Address, and Principal Office

    (a)    As long as it is subject to suit in this State, a foreign corporation which has registered or qualified to do business in this State shall maintain:        (1)    A resident agent in this State whose name and address is certified to the Department; and        (2)    An address which is certified to the Department.    (b)    A foreign corporation registered or qualified to do business in this State:        (1)    At any time may certify to the Department the address of a principal office in this State, which may be a business office of the corporation; and        (2)    With respect to an address so certified, shall certify to the Department:            (i)    Any subsequent change in the address of the principal office; and            (ii)    The fact that it no longer has the principal office in this State.    (c)    Except as provided in subsection (d) of this section, each certification by a foreign corporation which relates to its resident agent, address, or principal office shall be executed for the corporation by its president or one of its vice-presidents.    (d)    A foreign corporation and its resident agent may change the resident agent, his address, or the address of a principal office of the corporation in the same manner as provided for a Maryland corporation under § 2-108 of this article.    (e)    (1)    A resident agent of a foreign corporation may resign by filing with the Department a counterpart or photocopy of his signed resignation.        (2)    Unless a later time is specified in the resignation, it is effective:            (i)    At the time it is filed with the Department, if the corporation has appointed a successor resident agent; or            (ii)    Ten days after it is filed with the Department, if the corporation has not appointed a successor resident agent.
MD. Corporations and Associations Code Ann. §  7-206 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-206 - Statement of Certain Actions to Be Filed With Department

    (a)    A foreign corporation that is qualified or registered to do business in this State shall file an officially certified statement with the Department within 60 days after the corporation:        (1)    Merges into another corporation;        (2)    Consolidates with another corporation;        (3)    Dissolves; or        (4)    Amends or supplements the instrument under which it was organized to change the name of the corporation or terminate its existence.    (b)    The officially certified statement shall:        (1)    Be executed by the official of that place who has custody of the pertinent record; and        (2)    Include the action taken and the date the action was taken.    (c)    (1)    A representative of the successor corporation shall file with the Department an affidavit indicating whether the corporation, partnership, limited partnership, or limited liability company merging out of existence or consolidating owns an interest in land in Maryland.        (2)    The Department may not process a filing under this section until the information required by this subsection and § 3-117 of this article is provided.
MD. Corporations and Associations Code Ann. §  7-208 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-208 - Termination of Registration or Qualification

    (a)    A foreign corporation registered or qualified under this subtitle may terminate its registration or qualification as provided in this section.    (b)    To terminate, the corporation shall file with the Department an application for termination.    (c)    The application for termination shall be executed for the corporation by its president or one of its vice-presidents. The application shall include:        (1)    The name of the corporation, and the address of any principal office in this State;        (2)    The name and address of its resident agent in this State;        (3)    A statement that the corporation:            (i)    In the case of termination of qualification, no longer transacts any intrastate business in this State; or            (ii)    In the case of termination of registration, no longer transacts any interstate or foreign business in this State; and        (4)    A statement that the corporation:            (i)    Wishes to terminate its registration or qualification to do business in this State; and            (ii)    Has filed all reports required by law and has paid all taxes due by it to the State and any of its political subdivisions as of the date of the application for termination.    (d)    The Department shall issue a certificate of termination to the corporation if all reports required by Title 11 of the Tax - Property Article have been filed.
MD. Corporations and Associations Code Ann. §  7-209 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-209 - Public Index of Names and Addresses

    The Department shall keep a public index of:         (1)    The name and address of the resident agent and address of each foreign corporation registered or qualified with the Department; and        (2)    The address of any principal office in this State which is certified to the Department by a foreign corporation.
MD. Corporations and Associations Code Ann. §  7-210 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 2 - Registration and Qualification of Corporation|Section 7-210 - Compliance With Subtitle Is Not Consent to Suit

    With respect to any cause of action on which a foreign corporation would not otherwise be subject to suit in this State, compliance with this subtitle:         (1)    Does not of itself render a foreign corporation subject to suit in this State; and        (2)    Is not considered as consent by it to be sued in this State.
MD. Corporations and Associations Code Ann. §  7-301 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 3 - Sanctions|Section 7-301 - Failure to Register or Qualify -- Maintenance of Suit

    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, neither the corporation nor any person claiming under it may maintain a suit in any court of this State unless it shows to the satisfaction of the court that:         (1)    The foreign corporation or the person claiming under it 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. Corporations and Associations Code Ann. §  7-302 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 3 - Sanctions|Section 7-302 - Failure to Register or Qualify -- Fines

    (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.
MD. Corporations and Associations Code Ann. §  7-303 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|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.
MD. Corporations and Associations Code Ann. §  7-304 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 3 - Sanctions|Section 7-304 - Failure of Corporation to File Required Report or Pay Late Filing Penalties

    (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. Corporations and Associations Code Ann. §  7-305 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 7 - Foreign Corporations|Subtitle 3 - Sanctions|Section 7-305 - Failure to Comply With Subtitle 2 Does Not Affect Contracts

    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.
MD. Corporations and Associations Code Ann. §  8-101 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 1 - Definitions; General Provisions|Section 8-101 - Definitions

    (a)    In this title the following words have the meanings indicated.    (b)    “Declaration of trust” means the declaration of trust filed with the Department for the purpose of forming a real estate investment trust, as specified in § 8–202 of this title, either as originally accepted for record or as amended, corrected, or supplemented by articles of amendment, articles of amendment and restatement, articles supplementary, articles of merger, or a certificate of correction.    (c)    “Real estate investment trust” means an unincorporated business trust or association formed under this title in which property is acquired, held, managed,  administered, controlled, invested, or disposed of for the benefit and profit of any person who may become a shareholder.    (d)    “Share” means a transferable unit of beneficial interest in a real estate investment trust.    (e)    “Shareholder” means a person who is a recorded holder of shares.
MD. Corporations and Associations Code Ann. §  8-102 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 1 - Definitions; General Provisions|Section 8-102 - Recognized Entity

    A real estate investment trust:        (1)    Is a permitted form of unincorporated business trust or association;        (2)    Is a separate legal entity; and        (3)    May conduct business in the State in accordance with this title.
MD. Corporations and Associations Code Ann. §  8-103 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 1 - Definitions; General Provisions|Section 8-103 - Construction of Title

    (a)    This title does not limit present law as it applies to the creation of or doing of business in the State by a “business trust” other than a Maryland real estate investment trust.    (b)    To the extent any provision of this title is contrary to or inconsistent with §§ 856 through 858 of the Internal Revenue Code or the regulations adopted under those sections, the latter shall prevail as to any real estate investment trust qualifying under those sections and regulations.
MD. Corporations and Associations Code Ann. §  8-201 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 2 - Formation and Qualification|Section 8-201 - Formation; Compliance Required

    A real estate investment trust:        (1)    Is formed by filing a declaration of trust for record with the Department; and        (2)    May not do business in the State until it complies with this title.
MD. Corporations and Associations Code Ann. §  8-204 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 2 - Formation and Qualification|Section 8-204 - Security for Payment of Taxes

    (a)    A real estate investment trust shall post the security for taxes required under § 13-825 of the Tax - General Article.    (b)    If the Comptroller waives the requirement of a security, the Comptroller shall notify the Department in writing of the waiver.
MD. Corporations and Associations Code Ann. §  8-205 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 2 - Formation and Qualification|Section 8-205 - Removal of Trustee

    (a)    The shareholders of a real estate investment trust may remove any trustee, with or without cause, by the affirmative vote of a majority of all the votes entitled to be cast generally for the election of trustees, except:        (1)    As provided in subsection (b) of this section;        (2)    As otherwise provided in the declaration of trust of the real estate investment trust; or        (3)    For a real estate investment trust that has elected to be subject to § 3-804(a) of this article.    (b)    Unless the declaration of trust of the real estate investment trust provides otherwise:        (1)    If the shareholders of any class or series are entitled separately to elect one or more trustees, a trustee elected by shareholders of that class or series may not be removed without cause except by the affirmative vote of a majority of all the votes of that class or series;        (2)    If a real estate investment trust has cumulative voting for the election of trustees and less than the entire board is to be removed, a trustee may not be removed without cause if the votes cast against the trustee’s removal would be sufficient to elect the trustee if then cumulatively voted at an election of the entire board of trustees, or, if there is more than one class of trustees, at an election of the class of trustees of which the trustee is a member; and        (3)    If the trustees have been divided into classes, a trustee may not be removed without cause.
MD. Corporations and Associations Code Ann. §  8-206 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 2 - Formation and Qualification|Section 8-206 - Trustee Committees; Delegation of Powers

    (a)    The board of trustees of a real estate investment trust may establish one or more committees of the board of trustees composed of one or more trustees and for the delegation to those committees of any of the powers of the board of trustees.    (b)    Notwithstanding subsection (a) of this section, the declaration of trust or bylaws of a real estate investment trust, or any agreement to which the real estate investment trust is a party and which has been approved by the board of trustees, may provide for:        (1)    The establishment of one or more standing committees or for the creation of one or more committees upon the occurrence of certain events; and        (2)    The composition of the membership, and the qualifications and the voting and other rights of members of any such committee, subject to the continued service of members of the committee as trustees.
MD. Corporations and Associations Code Ann. §  8-207 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 2 - Formation and Qualification|Section 8-207 - Federal Qualification by Issuance of Shares Without Consideration

    Notwithstanding any other provision of the Maryland REIT Law, a real estate investment trust may issue shares of beneficial interest without consideration for the purpose of qualifying the real estate investment trust as a real estate investment trust under the Internal Revenue Code.
MD. Corporations and Associations Code Ann. §  8-303 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 3 - Powers|Section 8-303 - Voting Trust

    One or more shareholders of a real estate investment trust may confer the right to vote or otherwise represent their shares to a trustee by:         (1)    Entering into a written voting trust agreement which specifies the terms and conditions of the voting trust;        (2)    Depositing an executed copy of the agreement with the real estate investment trust at its principal office; and        (3)    Transferring their shares for purposes of the agreement to a trustee.
MD. Corporations and Associations Code Ann. §  8-402 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 4 - Annual Report; Inspection of Records; Fees|Section 8-402 - Inspection of Records

    (a)    Each declaration of trust and annual report filed with the Department is a matter of public record.    (b)    (1)    The Department may inspect the records of a real estate investment trust at any reasonable time.        (2)    A shareholder has the same right to inspect the records of the real estate investment trust as has a stockholder in a corporation under Title 2 of this article.
MD. Corporations and Associations Code Ann. §  8-403 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 4 - Annual Report; Inspection of Records; Fees|Section 8-403 - Fees

    (a)    A real estate investment trust shall pay the fees required under §§ 1-203 and 1-204 of this article.    (b)    To compute fees under this section, a real estate investment trust shall treat certificates of beneficial interest as if they were shares of stock in a corporation.
MD. Corporations and Associations Code Ann. §  8-501.2 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 5 - Amendments and Termination of Existence|Section 8-501.2 - Restatement of Declaration of Trust

    (a)    If authorized by a majority of the entire board of trustees, a real estate investment trust may restate its declaration of trust as provided in this section.    (b)    Articles of restatement containing provisions required by § 2-608 of this article and such other provisions as may be permitted by that section shall be:        (1)    Executed for each party to the articles in the manner required by Title 1 of this article; and        (2)    Filed for record with the Department.
MD. Corporations and Associations Code Ann. §  8-501.3 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 5 - Amendments and Termination of Existence|Section 8-501.3 - Articles of Amendment and Restatement

    (a)    A complete restatement of the declaration of trust may be submitted for approval in the manner required for an amendment of the declaration of trust to a meeting of the real estate investment trust’s shareholders or trustees.    (b)    If the restatement is submitted for approval in the manner required for an amendment to the declaration of trust, any amendments to the declaration of trust approved at the meeting may be included in the restatement.    (c)    Articles of amendment and restatement shall include the provisions required to be included in both articles of amendment and articles of restatement.    (d)    Articles of amendment and restatement containing provisions required by § 2-609 of this article and such other provisions as may be permitted by that section shall be:        (1)    Executed for each party to the articles in the manner required by Title 1 of this article; and        (2)    Filed for record with the Department.
MD. Corporations and Associations Code Ann. §  8-502 (2021)
2021 Maryland Statutes|Corporations and Associations|Title 8 - Real Estate Investment Trusts|Subtitle 5 - Amendments and Termination of Existence|Section 8-502 - Termination of Existence

    (a)    A real estate investment trust may terminate its existence by voluntary dissolution. The Department shall be notified of the effective date of the dissolution.    (b)    A real estate investment trust may curtail or cease its trust activities by partially or completely distributing its assets.    (c)    (1)    The Attorney General may institute proceedings to dissolve a real estate investment trust which has abused, misused, or failed to use its powers. The proceedings shall be brought in the manner and on the grounds provided in Title 3, Subtitle 5 of this article with respect to dissolution of a corporation for misuse of its franchise.        (2)    The venue of an action under this subsection is in a county where an officer or resident agent of the real estate investment trust is located.