§ 11–512
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 11-512 (2026)
Title 11. Maryland Securities Act
Subtitle 5. Registration of Securities
§ 11–512LinkCopy Citation
(a)
The Commissioner by order summarily may postpone or suspend the effectiveness of the registration statement pending final determination of any proceeding under § 11-511 of this subtitle.
(b)
On the entry of the order, the Commissioner promptly shall notify each person specified in § 11-513 of this subtitle:
(1)
That it has been entered;
(2)
The reasons for its entry; and
(3)
That within 15 days after the receipt of a written request the matter will be set down for hearing.
(c)
(1)
If a hearing is not requested and one is not ordered by the Commissioner, the order will remain in effect until it is modified or vacated by the Commissioner.
(2)
If a hearing is requested or ordered, the Commissioner, after notice of and opportunity for hearing to each person specified in § 11-513 of this subtitle, may modify or vacate the order or extend it until final determination.