# Corporations and Associations (GCA)

## Title 11. Maryland Securities Act

### Subtitle 5. Registration of Securities

#### Section 11-506

(a) Except as provided in Sec. 11-510.1 of this subtitle, a person filing an application to register securities shall pay a fee of 0.1 percent of the maximum aggregate offering price at which the securities are to be offered in this State, but the fee may not be less than $500 or more than $1,500.

(b)

  (1) Except as provided in paragraph (2) of this subsection, a person required to submit a filing in accordance with an exemption granted under this title shall pay a fee of $400 for each filing.

  (2) A person required to submit a filing in accordance with the exemption granted under Sec. 11-601(16) of this title shall pay a fee of $100 for each filing.

  (3) A person required to submit a notice of the offer or sale of federal covered securities under Sec. 11-503.1(c) of this subtitle shall pay:

    (i) A fee of $100 for each filing; and

    (ii) An additional fee of $150 for each filing made after the filing due date.

(c) The Commissioner shall retain the fee, if:

  (1) An application to register securities is withdrawn before the effective date;

  (2) A notice of the offer or sale of a federal covered security is withdrawn; or

  (3) A preeffective stop order is entered under Sec.Sec. 11-511 through 11-513 of this subtitle.

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Md. Code Ann., Corps. & Ass'ns (as displayed at mgaleg.maryland.gov, October 16, 2026)