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§ 7-103. Activities not considered intrastate business

MD Corp & Assn Code § 7-103 (2019) (N/A)
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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.

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§ 7-104. Activities not considered intrastate, interstate, or foreign business