Md. Code, Fin. Inst. § 9-804

Current with changes from the 2024 Legislative Session
Section 9-804 - Activities not considered doing business
(a) For the purposes of this article and the Corporations and Associations Article, in addition to the activities listed in §§ 7-103 and 7-104 of the Corporations and Associations Article, the following activities of a foreign association do not constitute doing business or having tax situs in this State:
(1) Making or investing in loans on property in this State;
(2) Purchasing, acquiring, holding, selling, assigning, transferring, collecting, or enforcing by foreclosure or otherwise any whole or partial interest in any obligation secured by a mortgage or similar instrument, covering property in this State; or
(3) Employing an attorney, surveyor, or appraiser in connection with any activity permitted by this section or the servicing and collection of any investment in this State through a corporation that is authorized to do business in this State.
(b) Nothing in this section exempts a foreign corporation from the licensing requirements of Title 11, Subtitle 5 of this article.

Md. Code, FI § 9-804