Maryland § 7-103

Full text of Maryland Maryland Code § 7-103, with citation guidance and answers to common questions.

§ 7-103.

    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.

Frequently Asked Questions About Maryland § 7-103

What does Maryland Code § 7-103 cover?

Section 7-103 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Maryland § 7-103?

A common citation format is "Maryland Code § 7-103" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Maryland law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.

How does Maryland § 7-103 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.