Md. Code, Corporations and Associations § 11-414
This is the official text of Md. Code, Corporations and Associations § 11-414, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§11–414.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Dealing with a business matter in Maryland?
See all Maryland Business lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.