§ 11-512
153 words·~1 min read·
/md/corporations-and-associations/11-512·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–512.
(a)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)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.
(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.