# Corporations and Associations (GCA)

## Title 11. Maryland Securities Act

### Subtitle 5. Registration of Securities

#### Section 11-512

(a) The Commissioner by order summarily may postpone or suspend the effectiveness of the registration statement pending final determination of any proceeding under Sec. 11-511 of this subtitle.

(b) On the entry of the order, the Commissioner promptly shall notify each person specified in Sec. 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 Sec. 11-513 of this subtitle, may modify or vacate the order or extend it until final determination.

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