Maryland Statutes
Subtitle 5 - Registration of Securities
Section 11-512 - Summary Postponement or Suspension

(a)    The Commissioner by order summarily may postpone or suspend the effectiveness of the registration statement pending final determination of any proceeding under § 11-511 of this subtitle.
    (b)    On the entry of the order, the Commissioner promptly shall notify each person specified in § 11-513 of this subtitle:
        (1)    That it has been entered;
        (2)    The reasons for its entry; and
        (3)    That within 15 days after the receipt of a written request the matter will be set down for hearing.
    (c)    (1)    If a hearing is not requested and one is not ordered by the Commissioner, the order will remain in effect until it is modified or vacated by the Commissioner.
        (2)    If a hearing is requested or ordered, the Commissioner, after notice of and opportunity for hearing to each person specified in § 11-513 of this subtitle, may modify or vacate the order or extend it until final determination.