§ 11-511. Grounds for stop order
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 11-511
§ 11-511. Grounds for stop order
(a) The Commissioner may issue a stop order denying effectiveness to, or suspending or revoking the effectiveness of, any registration statement if he finds that the order is in the public interest and that:
(1) The registration statement as of its effective date or as of any earlier date in the case of an order denying effectiveness, any amendment under § 11-510 of this subtitle as of its effective date, or any report under § 11-509 of this subtitle is incomplete in any material respect or contains any statement which was, in the light of the circumstances under which it was made, false or misleading with respect to any material fact;
(ii) The issuer, any partner, officer, or director of the issuer, any person occupying a similar status or performing similar functions, or any person directly or indirectly controlling or controlled by the issuer, but only if the person filing the registration statement is directly or indirectly controlled by or acting for the issuer; or
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 32A, § 24.
MD Code, Corporations and Associations, § 11-511, MD CORP & ASSNS § 11-511
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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