Maryland Corporations and Associations Section 11-414

      (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.