Exceptions to required registration and qualification

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    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.


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