Section 11-508 - Effective period of registration statement; withdrawal of registration statement; abandonment of registration statement. - Maryland Statutes

§ 11-508. Effective period of registration statement; withdrawal of registration statement; abandonment of registration statement.
 

(a)  Effective period.- A registration statement remains effective for 1 year after its effective date unless the Commissioner by rule or order extends the period of effectiveness. A registration statement is not effective while a stop order is in effect under §§ 11-511 through 11-513 of this subtitle. 

(b)  Withdrawal.- A registration statement may be withdrawn only in the discretion of the Commissioner. 

(c)  Abandonment.- A registration statement that has not been made effective within 1 year from the date of initial filing may be deemed abandoned by the Commissioner. 
 

[An. Code 1957, art. 32A, § 23; 1975, ch. 311, § 2; 1989, ch. 533; 1992, ch. 619.]