Section 11-506 - Filing fee. - Maryland Statutes

§ 11-506. Filing fee.
 

(a)  In general.- Except as provided in § 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)  Filing in accordance with exemption; notice regarding federal covered securities.-  

(1) 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 notice of the offer or sale of federal covered securities under § 11-503.1(c) of this subtitle shall pay a fee of $100 for each filing. 

(c)  Retention of fee by Commission.- 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(1) An application to register securities is withdrawn before the effective date; 

(2) A notice of the offer or sale of a federal covered security is withdrawn; or 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 §§ 11-511 through 11-513 of this subtitle. 
 

[An. Code 1957, art. 32A, § 23; 1975, ch. 311, § 2; 1977, ch. 341; 1981, ch. 775; 1989, ch. 533; 1992, ch. 620; 1997, ch. 613, § 2; 1998, ch. 21, § 1; 2004, ch. 430, § 4.]