If a foreign corporation which is qualified to do business in this State fails to comply with the provisions of § 7-206 of this title, the Department shall impose a penalty of $5 on the corporation and an additional penalty of $1 for each ten days or a fractional part of ten days during which the failure to comply continues. These penalties may be reduced or abated under § 14-704 of the Tax-Property Article.

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1985, c. 480, § 1.

Formerly Art. 23, § 90.