clear space clear space clear space white space
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1989
Volume 771, Page 4362   View pdf image
 Jump to  
clear space clear space clear space white space

Ch. 805


Article - Corporations and Associations

Section 11-401 through 11-417 to be under the amended
subtitle "Subtitle 4. Registration of
Broker-Dealers, Agents, Investment Advisers, and
Investment Adviser Representatives"

Annotated Code of Maryland

(1985 Replacement Volume and 1988 Supplement)

MARYLAND, That the Laws of Maryland read as follows:

Article - Corporations and Associations


(a)   In this title, unless the context requires otherwise,
the following words have the meanings indicated.

(b)  (1) "Agent" means an individual other than a
broker-dealer who represents a broker-dealer or issuer in
effecting or attempting to effect the purchase or sale of

(2)   "Agent" includes a partner, officer, or director
of a broker-dealer or issuer, or a person occupying a similar
status or performing similar functions, only if he otherwise
comes within this definition.

(3)   "Agent" does not include an individual who
represents an issuer in:

(i) Effecting a transaction in a security
exempted by § 11-601 (1), (2), (3), (10), or (11) of this title;

(ii) Effecting a transaction exempted by §
11-602 of this title; or

(iii) Effecting a transaction with an existing
employee, partner, or director of the issuer if no commission or
other remuneration is paid or given directly or indirectly for
soliciting any person in the State.

(c)  (1) "Broker-dealer" means a person engaged in the
business of effecting transactions in securities for the account
of others or for his own account.

(2) "Broker-dealer" does not include:

(i) An agent;

(ii) An issuer;

- 4362 -


clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1989
Volume 771, Page 4362   View pdf image
 Jump to  

This information resource of the Maryland State Archives is presented here for fair use in the public domain. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: Rights assessment for associated source material is the responsibility of the user.

Tell Us What You Think About the Maryland State Archives Website!

[ Archives' Home Page  ||  All About Maryland  ||  Maryland Manual On-Line  ||  Reference & Research
||  Search the Archives   ||  Education & Outreach  ||  Archives of Maryland Online ]

Governor     General Assembly    Judiciary     Maryland.Gov

An Archives of Maryland electronic publication.
For information contact

©Copyright  October 31, 2014
Maryland State Archives