Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective 60 days after the filing of the application to withdraw or within any shorter period as provided by rule adopted or order issued under this chapter unless a revocation or suspension proceeding is pending when the application is filed. If a proceeding is pending, withdrawal becomes effective when and upon such conditions as required by rule adopted or order issued under this chapter. The Commissioner may institute a revocation or suspension proceeding under Code Section 10-5-41 within one year after the withdrawal became effective automatically and issue a revocation or suspension order as of the last date on which registration was effective if a proceeding is not pending.
History. Code 1981, § 10-5-38 , enacted by Ga. L. 2008, p. 381, § 1/SB 358.
Structure Georgia Code
Chapter 5 - Georgia Uniform Securities
Article 4 - Registration of Broker-Dealers, Agents, and Investment Advisors
§ 10-5-30. Registration Requirements for Broker-Dealers; Exemptions
§ 10-5-31. Registration Requirements for Agents; Exemptions
§ 10-5-32. Registration Requirements for Investment Advisors; Exemptions
§ 10-5-33. Registration Requirement for Investment Adviser Representatives; Exemptions
§ 10-5-34. Registration Requirements for Federal Covered Investment Advisers
§ 10-5-35. Application; Consent to Service of Process
§ 10-5-36. Change of Name; Change of Control
§ 10-5-37. Notice of Termination
§ 10-5-38. Withdrawal of Registration
§ 10-5-40. Financial Requirements
§ 10-5-41. Denial of or Placement of Conditions or Limitations on Registration