1978

LAWS OF MARYLAND

[Ch. 311

INFORMATION CONTAINED IN THE AGENTS' APPLICATIONS FOR
THE REGISTRATION THEN CURRENTLY IN EFFECT; OR

(2) IF THERE HAS BEEN ANY SUCH CHANGE,
SPECIFYING THE CHANGE.

(C) EFFECTIVE DATE OF RENEWAL.

EVERY APPLICATION FOR      RENEWAL REGISTRATION IS

EFFECTIVE ON THE DATE IT IS  RECEIVED BY THE COMMISSIONER

OR ON THE EXPIRATION OF    THE PREVIOUS REGISTRATION,
WHICHEVER DATE IS LATER.

REVISOR'S NOTE: This section presently appears as
Art. 32A, §16(a)(2).

The only changes are technical changes in
style.

11-407. FILING FEE.

(A)   IN GENERAL.

(1)          EVERY APPLICANT FOR INITIAL OR RENEWAL
REGISTRATION AS A BROKER-DEALER SHALL PAY A FILING FEE OF
$75.

(2)       EVERY APPLICANT FOR INITIAL OR RENEWAL
REGISTRATION AS AN AGENT SHALL PAT A FILING FEE OF $15,
EXCEPT THAT A PARTNER, OFFICER, OR DIRECTOR OF A
BROKER-DEALER          APPLYING          FOR INITIAL OR RENEWAL
REGISTRATION AS AN AGENT OF THE BROKER-DEALER SHALL PAY
A FILING FEE OF $2.

(B)       MAXIMUM TOTAL FEE.

THE MAXIMUM      INITIAL OR RENEWAL REGISTRATION FILING

FEES PAYABLE WITH    THE APPLICATION OF ANY BROKER-DEALER

AND ITS AGENTS         IS $500, REGARDLESS OF THE NUMBER OF

AGENTS AFFILIATED WITH THE BROKER-DEALER.

(C)       ADDITIONAL FEE.

IN ADDITION, EACH AGENT APPLICATION RECEIVED AT A
TIME OTHER THAN THE INITIAL OR RENEWAL REGISTRATION FILED
BY A BROKER-DEALER REQUIRES A PRESCRIBED FILING FEE OF
$15.

(D)       DENIAL OR WITHDRAWAL OF APPLICATION.

IF AN APPLICATION IS DENIED OR WITHDRAWN, THE
COMMISSIONER SHALL RETAIN ONE-HALF OF THE FEE.

REVISOR'S NOTE: This section presently appears as