§ 11-414
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/md/corporations-and-associations/11-414·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–414.
(a)By order, the Commissioner may cancel a registration or application, if the Commissioner finds that the applicant or registrant:
(1)Has abandoned the application;
(2)Is no longer in existence;
(3)Has ceased to do business as a broker-dealer, agent, investment adviser, or investment adviser representative;
(4)Is subject to an adjudication of mental incompetence or the control of a committee, conservator, or guardian; or
(5)Cannot be located after reasonable search.
(b)The Commissioner may deem abandoned a notice filing that a federal covered adviser has filed under § 11-405 of this subtitle, if the Commissioner finds that the federal covered adviser:
(1)Has abandoned the notice filing;
(2)Is no longer in existence;
(3)Has ceased to do business as a federal covered adviser;
(4)Is subject to adjudication of mental incompetence or to the control of a committee, conservator, or guardian; or
(5)Cannot be located after a reasonable search.