Section 11-512 - Summary postponement or suspension. - Maryland Statutes

§ 11-512. Summary postponement or suspension.
 

(a)  Authority of Commissioner.- 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)  Notification.- 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)  Effect of order.-  

(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. 
 

[An. Code 1957, art. 32A, § 24; 1975, ch. 311, § 2.]