§ 11-503.1. Required documents and fees
West's Annotated Code of MarylandCorporations and AssociationsEffective: October 1, 2017
Effective: October 1, 2017
MD Code, Corporations and Associations, § 11-503.1
§ 11-503.1. Required documents and fees
(a) A person may not offer or sell a federal covered security in this State unless the documents required by this section are filed and the fees required by § 11-506 or § 11-510.1 of this subtitle are paid.
(b) With respect to a federal covered security specified in § 18(b)(2) of the Securities Act of 1933,1 the Commissioner may require, by rule, order, or otherwise, the filing of the following documents:
(c) With respect to a security that is a federal covered security specified in § 18(b)(3) or (4) of the Securities Act of 1933, the Commissioner may require, by rule, order, or otherwise, the issuer to file:
(d)(1) If an issuer fails to timely file the items under subsection (b) or (c) of this section and a stop order has not been issued under subsection (e) of this section, the issuer may satisfy the requirements of subsection (b) or (c) of this section, as applicable, by making a late filing and paying the fees required for a late filing under § 11-506 or § 11-510.1 of this subtitle.
(e) Except for a federal covered security specified in § 18(b)(1) of the Securities Act of 1933, the Commissioner may issue a stop order suspending the offer and sale of a federal covered security, if the Commissioner finds that:
Credits
Added by Acts 1997, c. 613, § 2, eff. Oct. 1, 1997; Acts 1997, c. 613, § 3, eff. Oct. 10, 1999. Amended by Acts 1998, c. 21, § 1, eff. April 14, 1998; Acts 1998, c. 21, § 4, eff. Oct. 10, 1999; Acts 2017, c. 837, § 1, eff. Oct. 1, 2017; Acts 2017, c. 838, § 1, eff. Oct. 1, 2017.
Footnotes
May 27, 1933, ch. 38, Title I, 48 Stat. 74, codified at 15 U.S.C.A. § 77a et seq.
MD Code, Corporations and Associations, § 11-503.1, MD CORP & ASSNS § 11-503.1
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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