Ch. 533                                           LAWS OF MARYLAND

(vi) Evidence of indebtedness;

(vii) Certificate of interest or participation
in any profit-sharing agreement;

(viii) Collateral-trust certificate;

(ix) Preorganization certificate or
subscription;

(x) Transferable share;

(xi) Investment contract;

(xii) Voting-trust certificate;

(xiii) Certificate of deposit for a security;

(xiv) Certificate of interest or participation
in an oil, gas, or mining title or lease or in payments out of
production under the title or lease;                                                             

(xv) In general, ANY interest or instrument
commonly known as a "security"; or

(xvi) Certificate of interest or participation
in, temporary or interim certificate for, receipt for, guarantee
of, or warrant or right to subscribe to or purchase any of the
preceding.                                                                                             

(2) "Security" does not include any insurance or
endowment policy or annuity contract under which an insurance
company promises to pay money either in a lump sum, periodically
for life, or some other specified period.

(p) "State" means any state, territory, or possession of
the United States, the District of Columbia, and Puerto Rico.

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 § ll-802(a) of this
[subtitle] TITLE. The application shall contain whatever
information the Commissioner by rule OR ORDER requires.

(b)  The Commissioner in his discretion may publish an
announcement of the applicants for registration in the newspapers
he determines.

(c)   If a denial order is not in effect and a proceeding is
not pending under §§ 11-412 through 11-414 of this subtitle,

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