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Current as of December 31, 2021 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Maryland Code, Corporations and Associations § 11-512 - last updated December 31, 2021 | https://codes.findlaw.com/md/corporations-and-associations/md-code-corp-and-assns-sect-11-512/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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