MARVIN MANDEL, Governor

2017

ACCEPTANCE:

(I)  IS COMMUNICATED TO THE OFFEROR IN THIS
STATE; AND

(II)  HAS NOT BEEN COMMUNICATED PREVIOUSLY TO
THE OFFEROR, ORALLY OR IN WRITING, OUTSIDE THIS STATE.

(2) FOR PURPOSES OF THIS SECTION, ACCEPTANCE
IS COMMUNICATED TO THE OFFEROR IN THIS STATE, WHETHER OR
NOT EITHER PARTY IS THEN PRESENT IN THIS STATE, IF THE
OFFEREE DIRECTS IT TO THE OFFEROR IN THIS STATE
REASONABLY BELIEVING THE OFFEROR TO BE IN THIS STATE AND
IT IS RECEIVED AT THE PLACE TO WHICH IT IS DIRECTED OR,
IN THE CASE OF A HAILED ACCEPTANCE, AT ANY POST OFFICE IN
THIS STATE .

(E)   WHEN AN OFFER TO SELL OR BUY IS NOT MADE.

AN OFFER TO SELL OR TO BOY IS NOT MADE IN THIS STATE
IF:

(1)   THE PUBLISHER CIRCULATES OR THERE IS
CIRCULATED ON HIS BEHALF IN THIS STATE ANY BONA FIDE
NEWSPAPER OR OTHER PUBLICATION OF GENERAL, REGULAR, AND
PAID CIRCULATION WHICH IS NOT PUBLISHED IN THIS STATE, OR
WHICH IS PUBLISHED IN THIS STATE BUT HAS HAD MORE THAN
TWO-THIRDS OF ITS CIRCULATION OUTSIDE THIS STATE DURING
THE PAST 12 MONTHS; OR

(2)  A RADIO OR TELEVISION PROGRAM ORIGINATING
OUTSIDE THIS STATE IS RECEIVED IN THIS STATE.

(F)   APPLICABILITY OF SECTION 11-302.

SECTION 11-302 OF THIS TITLE APPLIES IF ANY ACT
INSTRUMENTAL IN EFFECTING PROHIBITED CONDUCT IS DONE IN
THIS STATE, WHETHER OR NOT EITHER PARTY IS THEN PRESENT
IN THIS STATE.

REVISOR'S NOTE: This section presently appears as
Art. 32A, § 38(a) through (f).

The only changes are technical changes in
style.

APPOINTMENT OF ATTORNEY TO RECEIVE SERVICE OF

CONSENT TO SERVICE REQUIRED.

(1) EVERY APPLICANT FOR REGISTRATION UNDER
THIS TITLE AND EVERY ISSUER WHICH PROPOSES TO OFFER A
SECURITY IN THIS STATE THROUGH ANY PERSON ACTING ON AN

11-802.
PROCESS.-

(A)