§ 11-501
44 words·~1 min read·
/md/corporations-and-associations/11-501·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–501.
A person may not offer or sell any security in this State unless:
(1)The security is registered under this title;
(2)The security or transaction is exempted under Subtitle 6 of this title; or
(3)The security is a federal covered security.