Maryland § 11-408
Full text of Maryland Maryland Code § 11-408, with citation guidance and answers to common questions.
§ 11-408.
(a) A registered broker-dealer or investment adviser may file an application for registration of a successor, whether or not the successor is then in existence, for the unexpired portion of the year. There is no fee.
(b) The registration of a predecessor remains effective as the registration of a successor for 60 days after the succession, if:
(1) A broker-dealer or investment adviser succeeds to and continues the business of a registered broker-dealer or investment adviser; and
(2) The successor files an application for registration within 30 days after the succession.
(c) A federal covered adviser who has filed a notice under § 11-405(b) of this subtitle may file a notice filing of a successor for the unexpired portion of the year, whether or not the successor is in existence at the time of the filing. There is no fee.
(d) The notice filing of a federal covered adviser stands as the notice filing of a successor for 60 days after the succession if:
(1) The federal covered adviser succeeds to and continues the business of a federal covered adviser that has filed a notice under § 11-405(b) of this subtitle; and
(2) The successor files a notice filing within 30 days after the succession.
(e) (1) Each registered agent of a broker-dealer and each registered representative of an investment adviser whose successor is registered in accordance with subsection (a) or (b) of this section shall continue to be registered in accordance with rules that the Commissioner adopts.
(2) A registered investment adviser representative of a federal covered adviser whose successor has filed in accordance with subsection (d) of this section shall continue to be registered in accordance with rules that the Commissioner adopts.
Frequently Asked Questions About Maryland § 11-408
What does Maryland Code § 11-408 cover?
Section 11-408 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 11-408?
A common citation format is "Maryland Code § 11-408" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 11-408 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.