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<section article="gca" article_name="Corporations and Associations" number="11-403" title_number="11" title_name="Maryland Securities Act" subtitle_number="4" subtitle_name="Requirements of Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers">
  <text>Unless sooner terminated under other provisions of this title, the registration of each broker-dealer, agent, investment adviser, and investment adviser representative and the notice filing of each federal covered adviser expires December 31, unless renewed.</text>
</section>
