- (a) A registration statement remains effective for 1 year after its effective date unless the Commissioner by rule or order extends the period of effectiveness. A registration statement is not effective while a stop order is in effect under §§ 11-511 through 11-513 of this subtitle.
- (b) A registration statement may be withdrawn only in the discretion of the Commissioner.
- (c) A registration statement that has not been made effective within 1 year from the date of initial filing may be deemed abandoned by the Commissioner.
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1989, c. 533; Acts 1992, c. 619.
Formerly Art. 32A, § 23.