§ 11-801. Applicability
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 11-801
§ 11-801. Applicability
(a) Sections 11-301, 11-302, 11-303, 11-304, 11-401, 11-501, and 11-703 of this title apply to any person who:
(b) Sections 11-301, 11-302, 11-303, 11-304, 11-401, and 11-703 of this title apply to any person who:
(c) For the purpose of this section, an offer to sell or to buy is made in this State, whether or not either party is then present in this State, if the offer:
(d)(1) For the purpose of this section, an offer to buy or to sell is accepted in this State if acceptance:
(2) For purposes of this section, acceptance is communicated to the offeror in this State, whether or not either party is then present in this State, if the offeree directs it to the offeror in this State reasonably believing the offeror to be in this State and it is received at the place to which it is directed or, in the case of a mailed acceptance, at any post office in this State.
(e) An offer to sell or to buy, or to provide investment advisory services, is not made in this State if:
(1) The publisher circulates or there is circulated on his behalf in this State any bona fide newspaper or other publication of general, regular, and paid circulation which is not published in this State, or which is published in this State but has had more than two thirds of its circulation outside this State during the past 12 months; or
(f) Sections 11-302 and 11-401(b) of this title, as well as § 11-304 of this title so far as investment advisers and investment adviser representatives are concerned, apply if any act instrumental in effecting prohibited conduct is done in this State, whether or not either party is then present in this State.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1976, c. 615, § 1; Acts 1984, c. 255; Acts 1989, c. 805, § 2; Acts 1992, c. 619.
Formerly Art. 32A, § 38.
MD Code, Corporations and Associations, § 11-801, MD CORP & ASSNS § 11-801
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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