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

Latest version.

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 -- A registration statement may be withdrawn only in the discretion of the Commissioner.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

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

                    
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