1. (1) The foreign corporation or the person claiming under it has paid the penalty specified in § 7-302 of this subtitle; and

2. (2) Either:

   1. (i) The foreign corporation or a foreign corporation successor to it has complied with the requirements of Subtitle 2 of this title; or
   2. (ii) The foreign corporation and any foreign corporation successor to it are no longer doing intrastate, interstate, or foreign business in this State.

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:

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.

Formerly Art. 23, § 91.