Md. Code Ann., Corps. & Ass'ns § 11-501
Sales of registered or exempt securities
Effective Oct 1, 2014Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1980, c. 598; Acts 1997, c. 613, § 2, eff. Oct. 1, 1997; Acts 2014, c. 557, § 1, eff. Oct. 1, 2014; Acts 2014, c. 558, § 1, eff. Oct. 1, 2014.State of Maryland
- (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.
A person may not offer or sell any security in this State unless:
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1980, c. 598; Acts 1997, c. 613, § 2, eff. Oct. 1, 1997; Acts 2014, c. 557, § 1, eff. Oct. 1, 2014; Acts 2014, c. 558, § 1, eff. Oct. 1, 2014.
Formerly Art. 32A, § 19.