Section 7-201 - Exceptions to required registration and qualification.

§ 7-201. Exceptions to required registration and qualification.
 

This subtitle does not apply to: 

(1) An insurance company subject to the provisions of the Insurance Article; 

(2) A railroad operating in this State; 

(3) A national bank that: 

(i) Has its main office located in this State; or 

(ii) Does not maintain a branch in this State; 

(4) A federal credit union; or 

(5) A foreign nonstock corporation whose only activity in this State is supplying police, fire, rescue, or emergency services personnel on a nonprofit basis to assist in an area covered by a state of emergency declared by the Governor under § 14-107 of the Public Safety Article. 
 

[An. Code 1957, art. 23, § 90; 1975, ch. 311, § 2; 1985, ch. 330; 1995, ch. 213, § 2; 1997, ch. 70, § 4; ch. 681; 2004, ch. 22; 2005, ch. 25, § 1.]