<?xml version='1.0' encoding='utf-8'?>
<section article="gca" article_name="Corporations and Associations" number="11-513" title_number="11" title_name="Maryland Securities Act" subtitle_number="5" subtitle_name="Registration of Securities">
  <text>A stop order may not be entered under any part of § 11–503.1, § 11–511, or § 11–512 of this subtitle, except § 11–512(a) of this subtitle, without:</text>
  <level label="1">
    <text>Appropriate prior notice to the applicant or registrant, the issuer, and the person on whose behalf the securities are to be or have been offered;</text>
  </level>
  <level label="2">
    <text>Opportunity for hearing; and</text>
  </level>
  <level label="3">
    <text>Written findings of fact and conclusions of law.</text>
  </level>
</section>
