Sec. 9. Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective sixty (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 article 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 article. The commissioner may institute a revocation or suspension proceeding under section 12 of this chapter within one (1) 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.
As added by P.L.27-2007, SEC.23.
Structure Indiana Code
Title 23. Business and Other Associations
Article 19. Indiana Uniform Securities Act
23-19-4-3. Investment Adviser Registration; Exemptions; Restrictions on Employment or Association
23-19-4-5. Federal Covered Investment Adviser Requirements; Exemptions; Filing
23-19-4-7. Succession; Organization Change; Name Change; Change of Control
23-19-4-9. Withdrawal of Registration
23-19-4-10. Fees; Transmittal of Fee; Exception
23-19-4-13. Third Party Solicitor; Required Written Disclosures; Restrictions; Exemptions