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§ 11-508. Effective period of statement

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 11. Maryland Securities Act (Refs & Annos)
Subtitle 5. Registration of Securities (Refs & Annos)
MD Code, Corporations and Associations, § 11-508
§ 11-508. Effective period of statement
Currentness
Extensions; stop orders
(a) A registration statement remains effective for 1 year after its effective date unless the Commissioner by rule or order extends the period of effectiveness. A registration statement is not effective while a stop order is in effect under §§ 11-511 through 11-513 of this subtitle.
Withdrawal
(b) A registration statement may be withdrawn only in the discretion of the Commissioner.
Abandonment
(c) A registration statement that has not been made effective within 1 year from the date of initial filing may be deemed abandoned by the Commissioner.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1989, c. 533; Acts 1992, c. 619.
Formerly Art. 32A, § 23.
MD Code, Corporations and Associations, § 11-508, MD CORP & ASSNS § 11-508
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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