PARRIS N. GLENDENING, Governor                             Ch. 613

the filing of certain documents; altering certain duties and powers of the Securities
Commissioner regarding exemption of certain persons from certain registration and
filing requirements, the filing of certain documents required for certain persons to
conduct certain business activities in the State, the establishment of certain
financial requirements and minimum capital requirements for certain persons
conducting certain business activities in this State, the maintenance and
preservation of certain reports, obtaining certain civil remedies, the issuance of
certain orders, the retention of certain fees, and the extension of certain renewal
periods; authorizing the Securities Commissioner to deem abandoned certain notice
filings under certain circumstances; altering the circumstances under which the
Securities Commissioner is estopped from instituting certain suspension and
revocation proceedings; clarifying that the Securities Commissioner may take
certain actions based on orders issued by certain other officials; authorizing certain
federally regulated advisers to conduct certain business activities in the State under
certain circumstances; requiring certain federally regulated advisers to file certain
documents, file certain corrective amendments, and pay certain fees under certain
circumstances; requiring issuers of certain federally regulated securities to file
certain documents and pay certain fees under certain circumstances; requiring
certain representatives of certain federally regulated advisers to register with the
Securities Commissioner; allowing certain companies to file certain applications for
registration of an indefinite amount of securities; providing for the registration or
the exemption from registration of certain federally regulated securities under
certain circumstances; clarifying certain provisions of law relating to fees for
registering securities; eliminating certain references; defining certain terms; making
certain stylistic and technical changes; providing for the application of certain
provisions of this Act; providing for a delayed effective date for certain provisions of
this Act; and generally relating to the regulation of certain securities,
broker-dealers, agents, investment advisers, investment adviser representatives, and
federally regulated advisers under the Maryland Securities Act.

BY renumbering

Article - Corporations and Associations

Section 11-101(e) through (q), respectively

to be Section 11-101(g) through (s), respectively

Annotated Code of Maryland

(1993 Replacement Volume and 1996 Supplement)

BY repealing and reenacting, without amendments,
Article - Corporations and Associations
Section 11-101(a)
Annotated Code of Maryland
(1993 Replacement Volume and 1996 Supplement)

BY repealing and reenacting, with amendments,
Article - Corporations and Associations

Section 11-101(b), 11-102(a), 11-203(a)(1). 11-205, 11-206(b) and (c), and
11-302(a) 11-302(a), (b), and (d), and 11-304(a)(a); 11-401 through 11-412,

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