1984

LAWS OF MARYLAND

[Ch. 311

ON THE ENTRY OF THE ORDER, THE COMMISSIONER
PROMPTLY SHALL NOTIFY THE APPLICANT OR REGISTRANT, AS
WELL AS THE EMPLOYER OR PROSPECTIVE EMPLOYER IF THE
APPLICANT OR REGISTRANT IS AN AGENT:

(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.

(C) EFFECT OF ORDER.

(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 AND OPPORTUNITY FOR HEARING,
MAY MODIFY OR VACATE THE ORDER OR EXTEND IT UNTIL FINAL
DETERMINATION.

REVISOR'S NOTE: This section presently appears as
Art. 32A, §18(c).

The only changes are technical changes in
style.

11-414. CANCELLATION OF REGISTRATION.

IF THE COMMISSIONER FINDS THAT ANY REGISTRANT OR
APPLICANT FOR REGISTRATION IS NO LONGER IN EXISTENCE,
HAS CEASED TO DO BUSINESS AS A BROKER-DEALER OR AGENT,
IS SUBJECT TO AN ADJUDICATION OF MENTAL INCOMPETENCE OR
TO THE CONTROL OF A COMMITTEE, CONSERVATOR, OR GUARDIAN,
OR CANNOT BE LOCATED AFTER REASONABLE SEARCH, THE
COMMISSIONER BY ORDER MAY CANCEL THE REGISTRATION OR
APPLICATION.

REVISOR'S NOTE: This section presently appears as
Art. 32A, §18(d).

The only changes are technical changes in
style.

11-415. WITHDRAWAL FROM REGISTRATION.

(A) IN GENERAL.

WITHDRAWAL FROM REGISTRATION AS A BROKER-DEALER OR
AGENT BECOMES EFFECTIVE         30 DAYS AFTER RECEIPT OF AN