Md. Code Regs. 18.04.03.01

Current through Register Vol. 51, No. 24, December 2, 2024

Section 18.04.03.01 - Criteria to Maintain Good Standing with the Department

A. In order to be in good standing with the Department, the requirements of A-1-----H of this regulation shall be met.

A-1. Domestic Corporations.

(1) Articles of Incorporation shall be on file with the Department.

(2) The name and address of a resident agent for the corporation shall be on file with the Department.

(3) The corporation shall have filed all annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland.

(4) The corporation shall have paid all penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland.

(5) The charter of the corporation may not be forfeited.

(6) The corporation may not be dissolved.

(7) The corporation may not have merged out of existence or consolidated or converted.

B. Foreign Corporations.

(1) The corporation shall have duly registered or qualified to do interstate, intrastate, or foreign business with the Department.

(2) The name and address of a resident agent for the corporation shall be on file with the Department.

(3) The corporation shall have filed all annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland.

(4) The corporation shall have paid all fines and penalties imposed by Tax-Property Article, §14-704, Annotated Code of Maryland, and the Corporations and Associations Article, 7-302 and 7-303, Annotated Code of Maryland.

(5) The corporation's right to do business in Maryland cannot have been forfeited or its registration or qualification rendered ineffective.

(6) The corporation may not have terminated its registration or qualification.

(7) The corporation may not have merged out of existence or consolidated or converted.

C. Domestic Limited Partnerships.

(1) A certificate of limited partnership shall be on file with the Department.

(2) The name and address of a resident agent shall be on file with the Department.

(3) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(4) Late filing penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The limited partnership's right to use its name and do business in Maryland may not have been forfeited.

(6) The limited partnership may not have filed a certificate of cancellation.

(7) The limited partnership may not be merged out of existence or converted.

D. Foreign Limited Partnerships.

(1) An application for registration shall be on file with the Department.

(2) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(3) The name and address of a resident agent shall be on file with the Department.

(4) All late filing penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The limited partnership's right to use its name and do business in Maryland may not have been forfeited.

(6) The limited partnership may not have filed a certificate of cancellation.

(7) The limited partnership may not be merged out of existence or converted.

E. Domestic Limited Liability Companies.

(1) Articles of organization shall be on file with the Department.

(2) The name and address of a resident agent shall be on file with the Department.

(3) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(4) Late filing penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The company's right to use its name and do business in Maryland may not have been forfeited.

(6) The company may not have filed articles of cancellation.

(7) The company may not be merged out of existence or converted.

F. Foreign Limited Liability Companies.

(1) An application for registration shall be on file with the Department.

(2) The name and address of a resident agent shall be on file with the Department.

(3) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(4) Late filing penalties imposed by Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The company's right to use its name and do business in Maryland may not have been forfeited.

(6) The company may not have filed a certificate of cancellation.

(7) The company may not be merged out of existence or converted.

G. Domestic Limited Liability Partnerships.

(1) A certificate of limited liability partnership shall be on file with the Department.

(2) The name and address of a resident agent shall be on file with the Department.

(3) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(4) Late filing penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The partnership's right to use its name and do business in Maryland may not have been forfeited.

(6) The partnership may not have filed a withdrawal notice.

(7) The limited liability partnership may not be merged out of existence or converted.

H. Foreign Limited Liability Partnerships.

(1) An application for registration shall be on file with the Department.

(2) The name and address of a resident agent shall be on file with the Department.

(3) Annual reports required by Tax-Property Article, §11-101, Annotated Code of Maryland, shall be filed with the Department.

(4) Late filing penalties imposed under Tax-Property Article, §14-704, Annotated Code of Maryland, shall be paid.

(5) The partnership's right to do business in Maryland may not have been forfeited.

(6) The partnership may not have filed a certificate of cancellation.

(7) The limited liability partnership may not be merged out of existence or converted.

Md. Code Regs. 18.04.03.01

Regulation .01 amended effective March 11, 1996 (23:5 Md. R. 383); amended effective 45:22 Md. R. 1027, eff. 11/5/2018