Article - Business Regulation
The Secretary of State may exempt from the requirement of a registration statement or annual report a charitable organization that:
(1) is organized under the laws of another state that has a statute substantially similar to this title;
(2) has been exempted from the submission of a registration statement by that other state;
(3) has its principal place of business outside this State; and
(4) gets its money principally from sources outside this State.