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2085
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MARVIN MANDEL, Governor
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statement of contributions and expenditures as prescribed
in accordance with §26-12 of this article with the State
Administrative Board of Election Laws at each of the
times and for the respective periods specified in
subsection (a) (1) AND (2) of this section AND, IN A YEAR
IN WHICH A GENERAL ELECTION IS NOT HELD, ON THE
ANNIVERSARY OF THE DATE OF THE LAST GENERAL ELECTION.
CENTRAL COMMITTEES ARE NOT REQUIRED TO FILE PRIMARY
ELECTION CAMPAIGN FUND REPORTS.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 341
(Senate Bill 717)
AN ACT concerning
Securities — Filing Fees
FOR the purpose of requiring the payment of a certain fee
for any filing made pursuant to an exemption under
the Maryland Security Act.
BY repealing and reenacting, with amendments,
Article - Corporations and Associations
Section 11-506
Annotated Code of Maryland
(1975 Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 11-506 of Article - Corporations
and Associations, of the Annotated Code of Maryland (1975
Volume and 1976 Supplement) be and it is hereby repealed
and reenacted, with amendments, to read as follows:
Article - Corporations and Associations
11-506.
(a) Every person filing a registration statement
shall pay a filing fee of 0.1 percent of the maximum
aggregate offering price at which the registered
securities are to be offered in this State, but the fee
may not be in any case less than $25 or more than $250.
(B) EVERY PERSON SUBMITTING REQUIRED TO SUBMIT A
FILING PURSUANT TO ANY EXEMPTION GRANTED UNDER THIS TITLE
SHALL PAY A FEE OF $100 FOR EACH FILING.
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