A person may not offer or sell any security in this State unless:
(1) The security is registered under this title;
(2) The security or transaction is exempted under Subtitle 6 of this title; or
(3) The security is a federal covered security.
Structure Maryland Statutes
Title 11 - Maryland Securities Act
Subtitle 5 - Registration of Securities
Section 11-501 - Registration Requirement
Section 11-502 - Registration by Notification
Section 11-503 - Registration by Coordination
Section 11-503.1 - Filing of Documents and Fees Required; Stop Orders
Section 11-504 - Registration by Qualification
Section 11-505 - Filing of Registration Statement
Section 11-507 - Matters Required to Be Specified in Registration Statement
Section 11-509 - Reports by Person Filing Registration Statement
Section 11-510 - Amendment of Registration Statement to Increase Securities Proposed to Be Offered
Section 11-510.1 - Registration of Indefinite Amount of Securities
Section 11-511 - Denial, Suspension, and Revocation of Registration
Section 11-512 - Summary Postponement or Suspension