2000

LAWS OF MARYLAND

[Ch. 311

style.

11-510. AMENDMENT OF REGISTRATION STATEMENT TO
INCREASE SECURITIES PROPOSED TO BE OFFERED.

(A)   AMENDMENT PERMITTED.

A REGISTRATION STATEMENT RELATING TO A SECURITY
ISSUED BY A FACE-AMOUNT CERTIFICATE COMPANY OR A
REDEEMABLE SECURITY ISSUED BY AN OPEN-END MANAGEMENT
COMPANY OR UNIT INVESTMENT TRUST, AS THOSE TERMS ARE
DEFINED IN THE INVESTMENT COMPANY ACT OF 1940, MAY BE
AMENDED AFTER ITS EFFECTIVE DATE SO AS TO INCREASE THE
SECURITIES SPECIFIED AS PROPOSED TO BE OFFERED.

(B)   DATE AMENDMENT EFFECTIVE.

THE AMENDMENT BECOMES EFFECTIVE WHEN THE
COMMISSIONER SO ORDERS.

(C)   FILING FEE.

THE PERSON FILING THE AMENDMENT SHALL PAY A FILING
FEE, CALCULATED IN THE MANNER SPECIFIED IN §11-506 OF
THIS SUBTITLE, WITH RESPECT TO THE ADDITIONAL SECURITIES
PROPOSED TO BE OFFERED.

REVISOR'S NOTE: This section presently appears as
Art. 32A, §23(h).

The only changes are technical changes in
style.

11-511.               DENIAL, SUSPENSION,        AND REVOCATION OF

REGISTRATION.

(A) GROUNDS FOR STOP ORDER.

THE COMMISSIONER MAY ISSUE A STOP ORDER DENYING
EFFECTIVENESS TO, OR SUSPENDING OR REVOKING THE

EFFECTIVENESS OF, ANY REGISTRATION STATEMENT IF HE FINDS
THAT THE ORDER IS IN THE PUBLIC INTEREST AND THAT:

(1)         THE REGISTRATION STATEMENT AS OF ITS
EFFECTIVE DATE OR AS OF ANY EARLIER DATE IN THE CASE OF
AN ORDER DENYING EFFECTIVENESS,        ANY AMENDMENT UNDER
§11-510 AS OF ITS EFFECTIVE DATE, OR ANY REPORT UNDER
§11-509 IS INCOMPLETE IN ANY MATERIAL RESPECT OR CONTAINS
ANY STATEMENT WHICH WAS, IN THE LIGHT OF THE
CIRCUMSTANCES UNDER WHICH IT WAS MADE, FALSE OR
MISLEADING WITH RESPECT TO ANY MATERIAL FACT;

(2)          ANY PROVISION OF THIS TITLE OR ANY
RULE, ORDER, OR CONDITION LAWFULLY IMPOSED UNDER THIS