2898

LAWS OF MARYLAND

Ch. 775

BY adding to

Article - Corporations and Associations

Section 11-705(d)

Annotated Code of Maryland

(1975 Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article - Corporations and Associations

11-203.

(a) (1) The Commissioner from time to time may make,
amend, and rescind the rules, forms, and orders necessary to
carry out the provisions of this title, including rules and
forms governing registration statements, applications, and
reports and defining any terms, whether or not used in this
title, to the extent that the definitions are not
inconsistent with the provisions of this title.

(2) [For the purpose of rules and forms, the]
THE Commissioner may BY RULE classify securities, persons,
and matters within his jurisdiction, and prescribe different
requirements for different classes.

11-206.

(e) The Commissioner in his discretion may honor
requests from interested persons for interpretive opinions
AND MAY SET AND CHARGE A REASONABLE FEE FOR THIS SERVICE.

11-403.

Unless sooner terminated under other provisions of this
title, the registration of each broker-dealer and agent
expires ANNUALLY [on October 31 of each year] IN ACCORDANCE
WITH THE RULES AND ORDERS OF THE COMMISSIONER.

11-405.

(a) A broker-dealer or agent may obtain an initial
registration by filing with the Commissioner, OR ANY ENTITY
HE DESIGNATES BY RULE OR ORDER, an application together with
a consent to service of process under § 11-802 (a) of this
subtitle. The application shall contain whatever information
the Commissioner by rule OR ORDER requires [concerning such
matters as:

(1)  The applicant's form and place of
organization;

(2)  The applicant's proposed method of doing
business;