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Session Laws, 1937
Volume 412, Page 682   View pdf image (33K)
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682 LAWS OF MARYLAND. [CH. 348

10C. The provisions of Section 10A of this Article shall
not apply to any person, firm or corporation selling or offering
for sale stocks, bonds, notes, shares, profit sharing agree-
ments, service agreements, membership certificates and trustee
certificates, or other securities:

(a) As trustee, executor, administrator, or receiver; or

(b) Under the orders of any Court; or

(c) Under the power given in any instrument whereby
such stocks, bonds, notes, shares, profit sharing agreements,
service agreements, membership certificates and trustee certi-
ficates, or other securities have been pledged as security for
a debt.

12. The Attorney General may, upon evidence satisfactory
to him, that in the issue, sale, promotion, negotiation, adver-
tisement of, or distribution of any stock, bonds, notes, shares,
profit sharing agreements, service agreements, membership
certificates and trustee certificates, or other securities within
the State of Maryland, any person, partnership or corporation
is employing or is about to employ any device, scheme or
artifice to defraud, or for obtaining money or property by
means of any false or fraudulent pretense, representation, or
promise, issue and cause to be served upon such person,
partnership or corporation an order requiring the party guilty
thereof to cease and desist therefrom, and from the further
sale or offering for sale of such securities within this State.
If it shall appear to the Attorney General that an irreparable
public injury is imminent, unless such order is issued before
a full investigation can be made pending such investigation,
he may issue such order, but the same shall be accompanied
with a request for information as to the facts relied on in
issuing the order, and such temporary order shall only remain
in force until such information is furnished and two days
thereafter. Orders of the Attorney General under this section
may be served by any one duly authorized by the Attorney
General either (a) by delivering a copy thereof to the person
to be served; or to a member of the partnership to be served,
or to the president, vice-president, secretary or other execu-
tive officer or director of the corporation to be served; or
(b) by leaving a copy thereof at the principal office or place

 

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Session Laws, 1937
Volume 412, Page 682   View pdf image (33K)
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