Maryland Statutes
Subtitle 4 - Requirements of Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Advisers
Section 11-414 - Cancellation of Registration or Application; Abandonment of Notice Filing

(a)    By order, the Commissioner may cancel a registration or application, if the Commissioner finds that the applicant or registrant:
        (1)    Has abandoned the application;
        (2)    Is no longer in existence;
        (3)    Has ceased to do business as a broker-dealer, agent, investment adviser, or investment adviser representative;
        (4)    Is subject to an adjudication of mental incompetence or the control of a committee, conservator, or guardian; or
        (5)    Cannot be located after reasonable search.
    (b)    The Commissioner may deem abandoned a notice filing that a federal covered adviser has filed under § 11-405 of this subtitle, if the Commissioner finds that the federal covered adviser:
        (1)    Has abandoned the notice filing;
        (2)    Is no longer in existence;
        (3)    Has ceased to do business as a federal covered adviser;
        (4)    Is subject to adjudication of mental incompetence or to the control of a committee, conservator, or guardian; or
        (5)    Cannot be located after a reasonable search.

Structure Maryland Statutes